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Call it P-envy (POMO envy)! :)
How could Trichet look across the pond at Zimbabwe Ben and not feel a little envy at "Big Ben"? POMO: Bigger, Longer, and Uncut!
The Trichet Bernank?
ECB Europes Copy of Bernanke? Monetize the whole world FLOAT this bitch a bit longer!
Stein's law is immutable.
Still though, that has no bearing on short term timing.
Taylor's call of EUR-USD to ~1.36 may just turn out true this week. That would coincide with a USD at the 50 day MA most likely, which makes for a nice entry point.
It seems to be a game of "who blinks first"
Yeah that's a lot of money, but somehow I'm underwhelmed. Maybe after Zimbabwe Ben's performance this just comes off as weak. If Trichet really wants to grab the worlds attention he is going to need to really dig down deep and buy a lot more trash.
Whopping!? It is a third of what FED is buying every day and will continue doing so until June next year. ECBs tally so far is approx €70Bn since May. That is probably what FED has monetized the last 2-3 weeks.
And ECBs operations are sterilized.
How do you sterilize toxic waste, burn it?
Moral Hazard. ECB is putting its balance sheet at risk now as the buyer of only resort of the the peripheral bonds.
Won't end well
How does this all end?? Everyone printing worthless IOU's?
the scholar learned it from the master
Looks like everyone is pushing up asset prices. Good times
It's the style of the times!! Gotta keep up with those Jones'.
Supersize my debt financing!
Who else would buy worthless toxic debt however its packaged.Just print and buy,what a joke.
I want to express my admiration of your writing skill and ability to make readers read from the beginning to the end. I would like to read newer posts and to share my thoughts with you. Machine Minoterie
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