Comments on: Waiting for deus ex ECB

By: Jim1648

Jim1648 — Tue, 15 Nov 2011 12:51:45 +0000

Is it possible that investors and financial columnists engage in short-term thinking? Bailing out anyone does not solve the problem, it only extends it. Unless you have a mechanism that allows for differing growth rates and differing efficiencies, then you are merely applying a patch. One way of providing the foregoing is to allow each country to have its own currency. It is a revolutionary idea that all the human rights activists (including OWS) should take up immediately, unless they can come up with a better one.

By: battersea2

battersea2 — Mon, 14 Nov 2011 15:40:14 +0000

The Eurozone should kick Germany out ! Tell them to bring back the D Mark then we will all find out the true cost of a Mercedes .
The US witters about[doubtful]Chinese currency manipulation but nobody criticizes Germany for it’s 10 year home run of currency manipulation that has drained the weaker economies of Europe and created this mess .
Why ?

By: Gordon2352

Gordon2352 — Fri, 11 Nov 2011 18:19:19 +0000

Instead of being entitled “Waiting for deus ex ECB,” perhaps you should have named your article “Waiting for Godot,” which would make more sense because what you are waiting for will never arrive, due to the political realities of the EU and eurozone, which no one waiting to be bailed out as they were in the US apparently seems to understand.

By: Hinch

Hinch — Fri, 11 Nov 2011 17:32:33 +0000

Let it all burn – our children will have something to look forward to – a world in which we live within our means . . .and banks are merely banks, not unelected tyrannical forces. Capitalism the way it was meant to be.

By: scythe

scythe — Fri, 11 Nov 2011 14:46:23 +0000

Not just equities, the Euro is still well supported against the dollar.

Investors have understood the difference between political fiscal delinquency and the robustness of the monetary policy of the Euro Monetary Union.

The ECB is not the succouring nipple of last resort for political fiscal delinquents. Instead its the rod across their backs, booted out of government and the cold shoulder from their creditors.

There is help from the Monetary Union for them, if and only if, they buck up their ideas and govern responsibly and with integrity.

By: Lambick

Lambick — Fri, 11 Nov 2011 07:37:35 +0000

The ECB is partially funded by fantasy and crippled by political bickering. The IMF should be handling the European crisis, so increase its firepower and let it do its job.