Guest Post: 10 Steps Closer To Economic Armageddon
by Tyler Durden
Draghi introduced still-more-easing into Europe this morning as his surprise cut created turmoil in markets. What this means today, tomorrow, or next week is anyone’s guess. What it means in a larger context is not…
Via Monty Pelerin’s World blog,
1. Europe is not in good shape. Anyone who believed they were, should be disabused of such notions.
2. The forcing down of interest rates once again further exacerbates the longer-term mis-allocation of resources. Such actions may buy time, but only at the cost of greater problems down the road.