Thursday, September 8, 2011

Does Trichet ever answer a question...

Listening to Trichet attempt to avoid answering questions is troubling…he consistently uses double abstractions in an attempt to create the appearance of something concrete. For example: “Zee method for avoiding zee problem, all things being equal, as we have said strongly in zee past, is to do a very comrephensive analysis of zee zee analysis and then to make zee appropriate adjustments as we think appropriate. We will not negotiate on this.” What the hell is that supposed to mean? This guy knows nothing…and is apparently totally confused. As an example, these idiot central Banker’s like to talk about price stability…however, in the first year of the EURO, in Germany mil went from 1 Deutsch Mark per liter to 1 euro…there happened to be over 2 Marks to every Euro at that time…so that’s a 100% inflation that apparently Trichet did not notice. And the Dairy market in Germany is not isolated.
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