tag:blogger.com,1999:blog-1390332969136161956.post5223580729730682733..comments2023-07-02T06:55:31.510-07:00Comments on Animal Spirit Forecasts: 4/7 10:50Steve Koteleshttp://www.blogger.com/profile/07995142353788940838noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1390332969136161956.post-13763506902449737462011-04-07T15:35:02.869-07:002011-04-07T15:35:02.869-07:00succinct, powerful, & apropos!succinct, powerful, & apropos!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1390332969136161956.post-57041357207825865462011-04-07T11:28:40.399-07:002011-04-07T11:28:40.399-07:00Gary, worldwide fiat, no doubt, but England is dea...Gary, worldwide fiat, no doubt, but England is dealing with their budget problems (perhaps BOE is offsetting the fiscal). At least ECB has begun the shutoff process. The Fed is just stubborn, but every day they keep QE running just makes the US less desirable as a place to park money.SteveKotelesnoreply@blogger.comtag:blogger.com,1999:blog-1390332969136161956.post-50301566087774720812011-04-07T10:33:32.899-07:002011-04-07T10:33:32.899-07:00Steve, I think I woulkd put the Bank of England an...Steve, I think I woulkd put the Bank of England and the ECB in the same camp as the Fed.<br /><br />The ECB are still covertly monetising govt debt (and 0.25% will have no real impact), and the BoE is in no hurry to stop easy money.<br />Oddly it is only the Chinese that are acting aggresively to tighten, but they have starving families to worry about.<br /><br />I see the US effectively going bust before things change over there, watch out world then, tough times ahead.Gary Morganhttps://www.blogger.com/profile/09934552877086935070noreply@blogger.com