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This is the top-ranked comment on the article Draghi's attempt to jump start stuttering eurozone falls flat.

First you stiffle demand.

Then you make sure there is no one interested to expand capacity in view of this stiffled demand.

Then you wait patiently for 6 years to make sure that due to meagre investment companies are flush with cash.

And then you ...scratch your head on how convince companies, with no clear prospects of increased or increasing demand, and their coffers flush with cash, to take up loans so that more money is pumped into the economy to defuse a possible deflationary horror for Europe.

If this is not the proverbial situation  of painting yourself in the corner, then what is!!!
At least the Americans had the wisdom to open the taps before the field turned into a wasteland.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Thu Sep 25th, 2014 at 03:21:52 PM EST

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