The key to moving markets it to take bold action and make speculators take a big bath. Speculators don’t have the wherewithal to fight the central bank.
Europeans have been dithering with half-way measures that always come too late.[/quote]
So it looks like we’ve already figured out all the excuses we’re going to use for why it doesn’t work. We know it isn’t going to work because the ECB has no idea how it’s going to sterilize the unlimited bond purchases. Therefore the ECB isn’t actually going to do unlimited bond purchases and since they aren’t going to actually do that, it won’t be long before the market figures it out and rates go back up again.
All these countries with too much debt have a solution. Default and stop spending more than you take in in taxes. Yes it will be painful but you can’t spend more than you take in in taxes forever anyways. This is very simple math and people try to make it complicated so the general population doesn’t understand they’re being looted. Governments and economists are always trying to conjure up free lunches and use complicated monetary policy so you can’t figure out where that free lunch came from, but it did indeed come from somebody and somebody didn’t get compensated for it.
