[Tolerance Sucks Rocks]

There is a portion of the article where an ECB board member says that lowering the Euro's value was not the primary motive of the stimulus. What say you?

[2ndDivisionVet]

I say lifting your own self out of a bucket is a physical impossibility.

[VRWC For Truth]

Deficit spending is economic disaster.

[pepsionice]

Here are the three things that come out of this gimmick:

1. Parity of the Euro to the dollar will be one to one. Maybe even 1.2 Euro to the dollar within eighteen months. For a whole decade...it’d been mostly .76 Euro to the dollar and I can even remember getting down into the .63 range for a year or so. It meant they could buy plenty of US imports, but had a tough sale of getting their stuff bought by Americans. Most believe Bush had this strategy in place to help the US economy (weak dollar attracts purchases). Most everyone agrees...with one to one parity...business will pick up in Europe.

2. There is some belief that the new parity will attract foreign interest...foreign investment....and new customers. Some European companies might be purchased by US companies.

3. There’s this one odd thing at the end of this discussion....all this money that the EU Central Bank will spend...where does it come from? It’s basically invented, and you have to wonder if this brings up some massive bubble experience within five years.

But if you ever wanted a European vacation for a reasonable price...by 2016, it’ll be very possible that it’ll be 1.1 Euro to the dollar. In 1985, the German Mark rose to 3.4 to the dollar, and I traveled across Europe and spent money like crazy that year.

[Viennacon]

Socialist of all stripes can GO TO HELL. Sick of Soros’ funded governments

[bajabaja]

The primary motive of Mario Draghi’s moves is to maintain the status quo and delay needed reforms. That means the European Union bureaucracy stays in place to do what it does and no member country bolts from the single currency. That should mean Greece gets even more loans and write downs rather than the reforms they need. And that means the Germans get upset because they will be looked on to fund it all, even more.

And it means the UK will want out when they get a chance to vote, as their money gets tossed about by Brussels as well. UKIP on the rise.

[Jabba the Nutt]

The economic miracle elixir: print money. Why didn’ anyone think of that before?

[9thLife]

Incredible. It really is like lemmings in slow motion.

I think Weird Al should provide the soundtrack.

[mulligan]

More idiots.