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  • Preview from Europe: Stocks Soar As The Fed Makes Money Free [View article]
    "....and hopefully reflates asset prices".

    Be careful what you wish for.

    "Bottom line is that the ECB have shown themselves to be inflexible and utterly unable to act proactively to the unfolding abyss into which we are now staring. Their rear view mirror school of central banking with no contingency planning has met its Waterloo."

    This is the prevailing Anglo-American propagandist view, which equates panicked entry into uncharted waters, the potential trashing of a currency and the certain trashing of a central bank's balance sheet as 'proactive'. Far from being "behind the curve", the ECB represents a last bastion of sanity in a world which the Fed (and its little brother in London) is in the process of consigning into a monetary black hole. But, hey - if it's worth an extra few hundred points on the Dow it must be good, right?
    Dec 17 13:36 pm |Rating: 0 0 |Link to Comment
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