Loading ...We will have more to say about this tomorrow, but the key point is this. Fischer’s declaration of “mission accomplished” in the face of a self-evidently failed main street recovery is a purely CYA maneuver.
The impending global deflation and recession will prove that 93 months of ZIRP and $3.5 trillion of QE have been a complete failure. But this insufferable Keynesian snake oil peddler has the gall to claim a roaring success moments before the greatest monetary catastrophe in recorded history begins its inexorable implosion.
The end game of Keynesian central banking is indeed nigh. The outright lunacy of Draghi, Kuroda and Fischer are more than ample warning.
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The end is nigh, brother, the end is nigh!
World markets are like a pie crust stretched across the roof of a volcano!
Fu Manchu is about to pull the lever to the trap door!
Warbucks signals the trusty Punjab to cut the cords of the rope bridge!
Grease the skids! Happy tobogganing!