On Dec 20, 10:26 pm, "John W." <worthj1...@gmail.com> wrote:
> On Dec 18, 10:17 am, Declan Murphy <declan_mur...@hotmail.com> wrote:
>
> > Shit. I really hope that the US Fed, ECB, BoJ and other central banks
> > can remember how to spell "p.r.i.n.t.i.n.g.p.r.e.s.s."
>
> We might have to wait until someone with a different agenda sits in
> those offices, at least as far as the US goes.

Maybe, its a shame the transition is so long, I don't know of any
country where the transistion to a new executive takes many months. In
terms of avoiding a deeper recession than would otherwise be the case,
I think its too late already. The US in particular seems to have
entered the kind of liquidity trap that I until recently I thought
only existed in economic history and theory.