…Marlcit.J.P. Morgan Securities LI_C,JFMAM. Source: OB:D. The second chart deals with the latest trial balloon, drafted by a group of German Wise Men (ii): the "European Redemption Fund". Vladimir and Estragon covered the ERF in last week's Waitingfor Godot, but as a review, the idea is that Germany would sanction the temporary use ofjoint and severally guaranteed European government bonds if member countries adopt constitutional debt brakes and primary surplus targets that guarantee paydown…