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"Europe 2012 is NOT Europe 2011," writes Macro Man, not discounting the economic difficulties of...

"Europe 2012 is NOT Europe 2011," writes Macro Man, not discounting the economic difficulties of Spain, but arguing the LTRO has removed systemic risk from the equation. "Disillusionment with LTRO is misguided," says Genevieve Signoret. "It showed (the) ECB won't let (the) banking system collapse. Period. (It's) designed to contain crisis, not cure."
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Comments (5)
  • montanamark
    , contributor
    Comments (1442) | Send Message
     
    oh, where have we heard that word before - "contained"
    how quaint; everything is fine muppets
    11 Apr 2012, 12:41 PM Reply Like
  • Charles A. Smith
    , contributor
    Comments (1139) | Send Message
     
    Oh, great, now we can have all the "contained crises" we want! Such happy news!
    11 Apr 2012, 12:45 PM Reply Like
  • wyostocks
    , contributor
    Comments (8747) | Send Message
     
    Everything is "contained" until it isn't.

     

    "The ECB won't let (the) banking system collapse. Period. (It's) designed to contain crisis, not cure."
    And if the fire gets too big, then what?
    BTW, if the patient doesn't get cured, the disease gets worse.
    11 Apr 2012, 12:46 PM Reply Like
  • jhooper
    , contributor
    Comments (6128) | Send Message
     
    If they were really worth their salt, the crisis never would have happened in the first place. You don't call an abortionist a hero for doing abortions for free for the people he has raped.
    11 Apr 2012, 12:50 PM Reply Like
  • WMARKW
    , contributor
    Comments (10650) | Send Message
     
    "Removed" systemic risk. I hardly believe that is even possible given where the world is today with debt.

     

    So how do you contain a crisis that you don't cure and that you continue to exacerbate every day by adding new debt to the pile. You have "DEFFERED" day of reckoning.
    11 Apr 2012, 01:18 PM Reply Like
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