the next spanking has begun!, page-2

Morning,

Well, I would take that with a grain of salt.

They would 'like' to cut back easing. It, however 'depends' on the economy.

So they will still create $85 billion a month :)

So, if they finish in a year, that's just 'another' trillion on which interest is owed :) - along with the interest on all the other trillions.

Is it possible that their economy could be possibly good enough to be able to pay that interest?

Let alone provide funds for growth?


They can't presently pay their interest, their pensions, a heap of their government services ------/

And 'this' is looking rosy?


Bennie says interest rate rises are a different matter and they will be a lot further down the road :)

Well, he got that one right - if they were forced to nudge up rates a flys fart, their debt would go multiverse rather than just penetrating the universe as it is.

If you want to see real panic - watch what happens if they realise that costs are rising.

Old Ben is just hoping the evidence doesn't show before he slips off into the sunset - and if he gets away with it, well, good luck to him.

For the rest of them, I am sorry, it is NOT rosy - it is Kaput.


Have a great day all

Pinto