[Chart courtesy of MarketWatch.com] US equities extended modest losses into a second straight session as investors braced for the start of corporate earnings season. I did not know that two down days in a row were still permitted in this centrally planned economy, but I stand to be corrected… In economic news, US consumers expanded their debt to $16.1 billion …
Is IMF Involvement Required For OMT To Kick In?
There has much debate if and when Spain would request for a full-fledged bailout from the European Central Bank. There’s not much clarity on the International Monetary Fund’s role in the whole process. For the ECB to officially start the Outright Monetary Transaction (OMT, which is synonymous with the bank’s unlimited bond buying program from the secondary markets) for a …