Thursday, September 15, 2011

oh shit oh shit oh shit

As National "leaders" sit on their thumbs, bicker amongst themselves and generally do all they can to be as anti-productive as possible, failing on the Public Policy front... Central banks step in and put another thin bandage on our global economy's big sucking chest wound.

Meanwhile, in a huge move reminiscent of the worst days of the financial crisis, the biggest central banks in the world — the ECB, the Fed, the the Bank of England, the Bank of Japan and the Swiss National Bank — have announced a massive coordinate injection of unlimited three-month liquidity, designed “to offer banks as many dollars as they needed”.

C'mon Greece. Default already. The backstops are in place for it.

Next crisis comin' at ya'.
Plenty more shoes to drop; plenty more pain.

No comments:

Post a Comment