Thursday, December 8, 2011
ECB Mario = Fed Ben
We have seen Super Mario in action. He is a money printer. Super Mario = Ben Light. Benweiser tastes great. Ben Light is less filling. We have cockamamie funding programs, a covert way to shove money down the throats of the banks. The Germans are helpless, they have been taken over by the attack of the PIIGs. It is Germany against the world. They will lose this money printing battle.
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3 comments:
Europe is toast. 2012 GDP cut to negative
Draghi talking tough, acting like Bernanke. Tough talk about not being an aggressive bond buyer but aggressively buying bonds! Also crazy funding programs straight out of FOMC 101. The guy is a liar. He is printing money and talking tough to placate the Germans.
TALF and TARP led to another 9 months of market collapse in the US back in 08
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