http://www.safehaven.com/article/26831/diverging-like-its-1929
a quote from the article (by Doug Noland" ) :
"From my perspective, the key issue is not whether the ECB finally has a plan that will resolve Europe's debt crisis - its coveted big bazooka. Monetary policy won't solve Europe's deep structural problems anymore than QE will resolve U.S. economic maladjustment and global imbalances. Indeed, there is little doubt that the Draghi and Bernanke Plans are only exacerbating global systemic fragilities. They've bought some more time, but at rapidly inflating costs. We desperately needed global policymakers working assiduously to extricate themselves from market interventions and manipulations. They've again done the very opposite."
a quote from the article (by Doug Noland" ) :
"From my perspective, the key issue is not whether the ECB finally has a plan that will resolve Europe's debt crisis - its coveted big bazooka. Monetary policy won't solve Europe's deep structural problems anymore than QE will resolve U.S. economic maladjustment and global imbalances. Indeed, there is little doubt that the Draghi and Bernanke Plans are only exacerbating global systemic fragilities. They've bought some more time, but at rapidly inflating costs. We desperately needed global policymakers working assiduously to extricate themselves from market interventions and manipulations. They've again done the very opposite."
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