Nosemonkey's EUtopia

In search of a European identity


  1. I always point this out. QE is unnecessary, the main ECB interest rate is still at 1%, they have a full 1% cut available to them.

    They are the worst central bank in the world. I hold them as responsible as the Fed for this depression, and more so for these latter (middle?!) stages. I think some of the commentary you may find useful in this last post of mine. Forgive the self plug, but I am having a night in on the Friday of a four day weekend, so pity me.

  2. QE is not unnecessary, but preemptive, given the ECB has loads of conventional monetary tools available to them,