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  1. I understand Coppola to be saying QE generalises deflation: "The ECB exports deflation to its currency partners: those partners export it back to the Eurozone."
  2. & 3. Oil prices may go even lower, and that is a genuine (but small) boost to purchasing power of ordinary people. Though the more the euro devalues, the less the oil price effect.
  3. Reduced interest costs may give a little leeway to government budgets.
  4. Is what we hope. But expect a full court press from the other side. The rentiers will not loosen their grasp, and they pwn the media.
  5. I pray to the confidence trickster fairy every night. Then I have nightmares.

There may be a slight improvement for a time, but stagnation is on the cards for longer.
by afew (afew(a in a circle)eurotrib_dot_com) on Tue Jan 27th, 2015 at 05:58:14 AM EST
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