Monday, December 07, 2015

Hubris at Its Best - Central Bankers

In last weekend's Wall Street Journal I read yet another ridiculous statement by a member of that elite group called Central Bankers.  They make me chuckle every time they open their mouth. 

How many times do we have to hear that Madame Yellen or Monsieur Draghi has everything under complete control?  Take this for example from the latter:

"There is no doubt that if we had to intensify the use of our instruments to ensure that we achieve our price stability mandate, we would."

Right.  All Europe's economy needs is a little tweak here and a little monetary push there.  Especially after Japan and the U.S. have done this so "successfully"–which, by the way, was after completely missing the Great Recession even when it was staring them in the face. 

In fact the U.S. has been so "successful" that now they can't figure out when and how to turn it off. 

I can't help but wonder about the ending of this charade.  So I allowed my imagination to wander.  Here's the result.  (Click on the image for a larger version.)

Labels: , , ,