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Mario Draghi Prepared Remarks Word Count: Inflation - 15; Deflation - 0
It is somewhat paradoxical that in a historic statement which launches the ECB's official deficit monetizing and Article 123 contravening QE with a 6 year delay, a QE which is launched with the implied if unstated purpose of "defeating deflation" that the key word count is as follows.
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taken in context, 1 trillion printed over the next 16 months to combat the $600B in Greek defaults in the next month or 2.......
it's time for Europe to pick up the US's slack. Should be good for gold, silver and bitcoin...there will be printing.
The only time you can hear the word “deflation” is when they talk about “deflated football”.
When it comes to the financial sector it is dis-inflation, insufficient inflation, under-inflation, inverted inflation, etc.
Very soon they will switch to measuring inflation in PSI’s ;-) Cunts!
Looney
In the UK we even have 'Joyflation'.
I don't know what the fuck that it is, but it sure sounds good!
Plus the ripple effects of a Greek default will swamp this QE and any others after it.
Yawn....this was already priced in....
Yep, now all we need is for the fed to back off on the rate hike talks and watch the Euro/USD shorts get creamed.
Gold liftoff in Euro terms...17% in the last six months.
http://www.kitco.com/gold_currency/index.html?currency=euro&timePeriod=6...
Hmmm. ... Up to September 2016. I wonder what takes place in November 2016 ??????
Deflation? what is that?
He's a bankster and a bad one, By lying he is honoring his god of FRAUD. That's what banksters do. Banksters are the most hated sub-human species on the planet. Arrest him.. Lock him up. Prosecute him. Don't let him get away.
Deflation - that which shall not be named.
"Deflation - that which shall not be named."
Deflation - that which will happen anyway.
Even the god damn ball is deflating these days.
Deflation, even zero inflation, is bad only for countries whose economies rely heavily on continuous and expanding consumption and credit debt to function. But once in the grip of solid inflation, those same countries always claim to be able to control and limit it. None have ever succeeded. Once on the tiger's back, they can't get off.