Wednesday, December 21, 2011

Even Nouriel Roubini Gets What the ECB is Up To

He tweets:
ECB starts effective QE and stealth debt monetization: a backdoor SMP
Of course, EPJ had it figured out weeks ago, when it was announced.

Only Krugman remains mystified.

1 comment:

  1. Clueless Paul "I don't know if there will be a recession in 2007" Krugman strikes again. Hilarious how anyone takes his word on anything seriously.