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MarkGB 

"Who controls the food supply controls the people; who controls the energy can control whole continents; who controls money can control the world" - Henry Kissinger

and yet...

"Sooner or later everyone sits down to a banquet of consequences" – Robert Louis Stevenson

The FT says Mr Draghi is bold and expansive

In response to an 'FT View' on 10th March 2016, entitled 'Mario Draghi delivers a bold expansion of stimulus'

http://www.ft.com/cms/s/0/04940bc8-e6cf-11e5-bc31-138df2ae9ee6.html#ixzz42aiC4fQn

Mr. Draghi has not got an ice-cream's chance in Hades of stimulating the economy, generating wealth, encouraging consumption or winning the Eurovision song contest for Italy with a rendition of 'Don't give me that Dolce Vita'...dressed in drag. Although the latter would be far more entertaining than listening to him attempting to sound like he knows what he is doing.

He is in a race to the bottom, which he will lose, along with all the other 'useful fools' who are embarked on that path. The ECB knows that ZIRP, NIRP and QE cannot generate economic growth. Central Banks don't care about 'Main Street'. Central Banks care about inflating away future debt payments...because they know that a sovereign debt crisis is lurking in the background like Lord Voldemort. Newsflash Mr. Draghi - you're not Harry Potter.

In amongst the waffle and meaningless drivel he even admits this:

From January:

"Very low inflation...delays the rebalancing process across countries, hindering those that lost competitiveness prior to the crisis from regaining it. And if low inflation is unexpected, it raises real debt burdens making it harder for the economy to grow out of debt"

From yesterday's Q & A:

"If we were to give up, we would have deflation, which increases the real value of debt"

Mario Draghi is in the inflation business, and because he is in the inflation business, he is in the beggar thy neighbour business, AKA - trash your currency, export your deflation to some other 'schmuck', whilst you conveniently forget that you put your name to a G20 commitment a few days ago NOT to do that very thing...along with a number of other high profile and shameless liars.

This editorial is simpering tosh - it should be re-named 'FT Flannel'

Hillary Clinton says she's not a natural politician

Larry Summers thinks we're stumped by low inflation