Exactly 10 years ago, when the €crisis reached a dangerous climax, ECB president Draghi gave his famous speech (“whatever it takes“). After the ECB signaled it would backstop gov bond markets - supported by 🇩🇪 chancellor Merkel - spreads fell quickly.
@BradoCapital Known as a sub-prime lender but worth noting that >40% of the balance sheet is insured (e.g. Prime residential and CMHC insured commercial)
@MmaFawkes@Rockstarzee That's fair, definitely want to rewatch myself but from memory Loma barely threw a punch until Rd8.
Think size was the big difference tonight, Loma fighting ~10lbs above his natural weight, which is hard to do at the Elite level (don't consider Linares/Campbell elite)