Friday, 29 January 2016

When things get serious.....................from Rico

Remember the Central Banker who last year said "When things get serious, you have to lie" and translate that into Japanese.
- Call it 'seven days in January.'
The hard truth of the matter is that they ALL lie. They have to now.
- QE did not work.
- ZIRP did not work.
- NIRP will not work.
But that's not only the best they've got, it's all they have got.
- Forcing people to pay for saving.

1 comment:

Lola said...

OK. NIRP won't work, but how do we get from here to there? You must also propose the alternative. (I know what it is, and I know why they aren't doing it!!!).