… Having arrived at the zero bound, Mario Draghi will thus find that he doesn’t remotely have “whatever it takes” for the next round. Inflation will be back. QE will be off the table. And european growth will remain hostage to debt, taxes, welfare and dirigisme.
But as a long-time servant of the Italian state, he should have known that all along.
T-Rex Trying to use sunscreen…
#truth #nobama #syria #secondamendment #dtom #molonlabe #igmilitiaDon’t Tread on Me re-post fromSons of Liberty Tees - Don’t Tread on Me!. DTOM!
Sail Away-The Rapture
— Ralph Waldo Emerson (via purplebuddhaproject)