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Mirabile Dictu! Ireland’s Government Is Now Being Paid To Borrow

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About 40 months ago Ireland’s two-year notes were yielding 14% and its government and the Brussels apparatchiks were scrambling with tin cup in hand to stave off disaster. Now their yield is negative 0.01%. Mirabile dictu! Yes, a wonder to behold but not one I can explain. Better its left to the experts in today’s bizzzaro world of maniacal central banking.…