Tuesday, May 1, 2012

A Doited German Rules Them all...

Since their monetary policy was sent abroad.

You'd thought I'd forgotten about this. But I haven't. Here's the latest news from disaster ridden Spain, where tight money on the part of the ECB continues to wreak unfathomable havoc. Check it out. 

Europe needs monetary expansion NOW NOW NOW and for the foreseeable future, i.e. until unemployment comes down, real incomes expand, and growth resumes. Full stop. 

But the Boys from Brazil  Frankfurt still see no problem. Nice going Draghi. 

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