By Bill Bonner. 'Well, here come the central bankers - fresh from
their caviar and foie gras - ready to ride into battle. But against
what? Inflation? Or deflation? Against the unstoppable force...or the
immoveable object?'
'The Charge of the Central Banks,' begins a
Bloomberg story. Seems the Fed, the European Central Bank, the Bank of
England and the Swiss National Bank got together to announce a program
of coordinated inflation. ...
Sunday, December 16, 2007
charge of the light brigade
Posted by Pundik at 4:52 AM
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