poncho?........... You mean HONCHO?.......
Posted on 09/28/2010 10:46:51 AM PDT by Errant
Ambrose Evans-Pritchard the head economic poncho at the Telegraph now nearly 2 years from starting his mantra of deficit spending stimulus to prevent a debt deleveraging deflationary depression turns around and says that he has been wrong all along, that central banks such as the US Fed are focused on creating inflation rather than preventing deflation...
"I apologise to readers around the world for having defended the emergency stimulus policies of the US Federal Reserve, and for arguing like an imbecile naif that the Fed would not succumb to drug addiction, political abuse, and mad intoxicated debauchery, once it began taking its first shots of quantitative easing."
(Excerpt) Read more at marketoracle.co.uk ...
Dr Doom and gloom wrong? Never!
Why is he bringing the Queen in on this?
Someone needs to bone up on their slang.
poncho?........... You mean HONCHO?.......
Someone needs to bone up on their JAPANESE.........
Poncho Wearing Man Robs Dublin Bank (FBI).
There's your connection between banking and ponchos!
From:
http://preview.tinyurl.com/2cmr9k5
I apologise to readers around the world for having defended the emergency stimulus policies of the US Federal Reserve, and for arguing like an imbecile naif that the Fed would not succumb to drug addiction, political abuse, and mad intoxicated debauchery, once it began taking its first shots of quantitative easing.
I suppose Ambrose isn’t the only “naif”.
Ah, the powers of redemption — for being a self-described “imbecile.”>br>
For your penance, you must publish correct, informed, and truthful viewpoints for the next two years or until Obama and Co. are out of office, whichever happens sooner.
Not they you seem to be the type to admit to being an “imbecile” on occasion...
First translate it into Japanese, then back into English.
At least he apologized and admitted he was wrong. Krugman is doing the opposite - he is doubling down on failure.
the head economic poncho ???
Like something you would wear at a Gallagher performance.
Warning: The front dozen rows of Ben Bernanke's Cash Explosion may be sprayed with green printer's ink.
Yes, but was that some kind of caveat at the end? I'll try to read original source again later and slower.
Too bad, as it seems the message was lost for some...
For FREEPERS who were not politically aware during the Clinton administration, you need to Google:
Ambrose Evans-Pritchard waco
Ambrose Evans-Pritchard Okalhoma City
The Secret Life of Bill Clinton
Evans-Prichard was the ONLY reliable source of truth during the Clinton administration.
His admission of being wrong means "we're in serious trouble gang", but most of us already knew that.
Nothing more useless than someone who admits they are wrong, only after it’s too late to do anything about it.
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