And scene... in what is an oddly honest moment for a central banker, Mario Draghi just admitted there-ain't-no-stopping-us-now:
- *DRAGHI SAYS ECB WOULDN'T RAISE RATES IF BUBBLES EMERGE
So BTFD, BTFATH, and BTFWWIII as no matter what, the central bankers do not care about financial stability (or fragility). The so-called macro-prudential policy plan will save the day...which like OMT remains shrouded in a "don't ask, don't tell" Oz-ian mist.
Furthermore, Draghi then goes on to admit his efforts were all about generating carry trades (riskless profits for banks)...
- DRAGHI SAYS CARRY TRADES WILL BE MUCH LESS PROFITABLE NOW
WTF?!
