Thursday, March 10, 2016

Stupid Is As Stupid Does

Well, looks like the EU is going full tilt.  The only benefit to be gained is that hopefully when this fails abysmally folks will finally figure out that this crap does not work

http://www.bloomberg.com/news/articles/2016-03-10/ecb-cuts-all-rates-as-qe-boosted-to-80-billion-euros-a-month

3.12.16 Update - And do not take my word for it, Bill Gross says so as well:

http://seekingalpha.com/article/3951216-bill-gross-sunshine-lollipops?li_source=LI&li_medium=liftigniter-widget

His linked piece does a nice job of explaining some of the problems with negative rates and the like - at least up until he gives a sales pitch at the end.  I guess a fellas gotta make a buck somehow.

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