{"id":13760,"date":"2015-10-23T18:46:11","date_gmt":"2015-10-23T23:46:11","guid":{"rendered":"http:\/\/olduvai.ca\/?p=13760"},"modified":"2015-10-23T18:46:11","modified_gmt":"2015-10-23T23:46:11","slug":"ecb-going-full-retard","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=13760","title":{"rendered":"ECB \u2013 Going Full Retard"},"content":{"rendered":"<h3 class=\"art-postheader\"><a title=\"Permanent Link to ECB \u2013 Going Full Retard\" href=\"http:\/\/www.acting-man.com\/?p=40885\" rel=\"bookmark\">ECB \u2013 Going Full Retard<\/a><\/h3>\n<p><strong>Done Deal: We\u2019re Making Europe Richer by Making it Poorer, Comrades!<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-40895\" src=\"http:\/\/www.acting-man.com\/blog\/media\/2015\/10\/mario-draghi-ecb.jpg\" alt=\"mario-draghi-ecb\" width=\"640\" height=\"480\" \/>Ready, aim, fire! Draghi reminds everybody that there is no limit to how much fiat weaponry and ammunition he can deploy<br \/>\nPhoto credit:\u00a0<span class=\"source\">Fran<em>\u00e7<\/em>ois Lenoir \/ Reuters<\/span><\/p>\n<p>We were really surprised at the extent to which the lunacy within the ECB council has apparently expanded. Right along with the euro area\u2019s money supply, it is evidently the fastest growing thing in Europe right now.<\/p>\n<p><a href=\"http:\/\/www.acting-man.com\/blog\/media\/2015\/10\/1-TMS-euro-area.png\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-40886\" src=\"http:\/\/www.acting-man.com\/blog\/media\/2015\/10\/1-TMS-euro-area.png\" alt=\"1-TMS-euro area\" width=\"640\" height=\"397\" \/><\/a>According to the ECB, there is \u201cnot enough inflation\u201d in the euro area just yet. Hence, it will increase the rate of growth of this mountain of money further by monetizing even more debt \u2013 click to enlarge.<\/p>\n<p>A summary from a mainstream\u00a0<a href=\"http:\/\/business.financialpost.com\/news\/economy\/mario-draghi-hints-that-more-ecb-easing-could-be-on-its-way-in-december\">press report<\/a>:<\/p>\n<blockquote><p>\u201cEurozone stocks could be gearing up for another rally in the coming months following dovish signals from the European Central Bank.<\/p>\n<p><strong><em>ECB President Mario Draghi on Thursday said policymakers will decide at their December meeting whether the eurozone economy needs further easing measures. The ECB has already been buying roughly US$60 billion in bonds a month since March<\/em><\/strong>\u00a0in an effort to prop up the 19-member eurozone economy, with plans to continue the program until at least September 2016.<\/p>\n<p><strong><em>The eurozone economy has modestly grown so far this year, but continues to face risks in the form of low inflation and a slowing economy in China\u00a0<\/em><\/strong>\u2014 its second largest trading partner. Draghi last month voiced concerns about the impact China will have on eurozone exports.<\/p>\n<p>[\u2026]<\/p>\n<p>The euro notably pulled back Thursday on Draghi\u2019s comments, losing 1.6 per cent against the U.S. dollar to US$1.11. Analysts said the euro could see the kind of sharp decline it experienced prior to the launch of the ECB\u2019s bond-buying program earlier this year.\u201d<\/p><\/blockquote>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ECB \u2013 Going Full Retard Done Deal: We\u2019re Making Europe Richer by Making it Poorer, Comrades! Ready, aim, fire! Draghi reminds everybody that there is no limit to how much fiat weaponry and ammunition he can deploy Photo credit:\u00a0Fran\u00e7ois Lenoir \/ Reuters We were really surprised at the extent to which the lunacy within the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[87,124,175,195,233,282,10177,954],"class_list":["post-13760","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bond-buying","tag-central-banks","tag-credit","tag-debt","tag-ecb","tag-european-central-bank","tag-mario-dragi","tag-money-supply"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/13760","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13760"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/13760\/revisions"}],"predecessor-version":[{"id":13761,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/13760\/revisions\/13761"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}