The ECB's got the formula all wrong, says Art Cashin. Despite a marginally decent bid-to-cover...

|By:, SA News Editor

The ECB's got the formula all wrong, says Art Cashin. Despite a marginally decent bid-to-cover today in Italy's bond auction that staved off immediate disaster, they can't go through the year expanding their balance sheet and financing at these levels without concerns of inflation breaking out. ( video )