multi-trillion plan to save the eurozone , page-14

the markets are finally waking up to the fact that central planners haven't a clue after creating the mess in the first place. the 2+ trillion euro plan is a half baked idea and of course won't pass by Nov. Take Bernanke's operation twist:

"It is important to consider again what we pointed out yesterday: experience shows that in the fiat money system, a steepening yield curve is associated with inflationary growth, rising asset prices and growing economic confidence. A flattening yield curve is associated with the opposite: growing deflationary psychology, falling asset prices and a decline in economic confidence. In other words, the reaction of the markets to 'OT' was perfectly logical, although it has presumably puzzled the helicopter pilot once again."

http://www.acting-man.com/?p=10475#more-10475