The Most Important Chart Of 2012

Matthew O'Brien at The Atlantic was nice enough to solicit our contribution for their roundup of the best charts of 2012. We gave him: The Italian 10-year bond yield. The explanation: On June 26, with European peripheral borrowing costs surging again, Mario Draghi told a conference in London that the ECB was prepared to do "whatever it takes" to save the Euro. Lots of Eurocrats over the years have promised to save the Eurozone, but none of them are central bankers, with an unlimited checkb...