Monday, August 08, 2011

Trichet's Got A Bazooka (?)

Bloomberg: "Trichet Draws ECB ‘Bazooka’ as Italy, Spain Debt Purchases Begin"

Well, now, can't you just see everyone paralyzed with fear that they might be in the line of fire? Neither can we. The theater is burning. Pardon the mixed metaphor, but urging people to stay in their seats while you put out the fire isn't likely to meet with compliance.


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