ECB Chairman Trichet will be chairing his last ECB meeting today. The ECB is expected to do nothing. However, it is widely believed that Trichet may signal a future rate cut.
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god willin. that old man will start the presses. why not? what does he have maybe five good years left. cmon eurotrash pass out some crack.
actually more currency is about the only potentially productive solution to a debt deflation situation…
in a debt deflation, what is happening? the massing hoardes are seeking…
currency, because it and it alone satisfies their debts (and taxes, which is why hyperinflation is overwhelmingly unlikely).
more of it helps the general cause.
qe, though, creates no currency for the hoardes. because there is no concrete machine forcing it into the hands of the people, rather, as pragcap has noted, its basically just an asset swap.