If (a big If) the Germans allow the ECB to hoover up all the EU sovereign debt no one else will...

|By:, SA News Editor
If (a big If) the Germans allow the ECB to hoover up all the EU sovereign debt no one else will have, just use the moonshot rally to reload your shorts, says Nomura's professional bear Bob Janjuah. Insolvency remains, but now with the destruction of the ECB balance sheet thrown in. "At that point, I think Germany and its northern partners would walk away."