patrick.net

Mish says

Bloomberg Editorial Board Loses Mind

Not really. The Bloomberg POV comes from Wall Street, where QE is a boon so supporting it is rational. The insanity begins when purportedly main street / general interest publications echo the chorus.

Hi MISH, don't like to think of myself as a conspiracy nut, but IMHO, these guys are bought and paid for. No thought, just regurgitation; for instance, how many predicted the crash in the oil price? Thanks.

The problem with this issue is that it's like a religion for both sides.

1) You either adhere to the central-bank or hard-money way of doing things, or you will be damned forever

2) It always involves money, just like religion

3) When events don't pan out as either side predicts, they shift their doctrine while pretending that they haven't

4) Both sides are quite intense in their beliefs, deeming any deviation unholy

Both sides need to relax and come to my view, which flows from my own conviction of my superiority. You see, currencies and economies come and go - the climate is always changing. Earth will survive the end of the dollar, the end o the euro, and the end of gold and central banks. There are whale carcasses on mountaintops, and Arizona was once a lush green verdant place.