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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: bart13 who wrote (102724)	4/17/2009 6:29:07 PM
From: No Mo Mo	2 Recommendations Read Replies (1) \| Respond to of 110194

If you remember that GDP has been inflated hedonically....and spending (e.g. things like Iraq) are underaccounted, the % is likely worse over time. If WWI and WWII are the spikes, that chart makes it look like we've been fighting one long, escalating war.....on the taxpayer. <NG>

To: bart13 who wrote (102724)	4/18/2009 1:15:15 AM
From: Haim R. Branisteanu	Respond to of 110194

ECB Trichet: Zero Rate Policy Not Suitable For Euro-Zone TOKYO (Dow Jones)--European Central Bank President Jean-Claude Trichet Saturday refused to rule out "very measured" additional rate cuts and he anticipated the bank would take further unconventional measures when its Governing Council next meets May 7. But he also told reporters that a zero-interest rate policy was "not appropriate" for the 16-member euro zone. Trichet's remarks came after he delivered a speech that was a broad overview of the underlying causes of the financial crisis and global economic slowdown. The ECB has cut interest rates to 1.25% - the lowest in the bank's 10-year history - to fight a deepening recession, but generally has resisted the type of more aggressive measures central banks in the U.S., U.K. and Japan are using to try to spur economic activity and revive local credit markets. However, the ECB has hinted that it's likely to consider more unconventional steps to make credit more readily available in the euro zone at its next rate-setting meeting, on May 7. ECB watchers have lately detected rare public fault-lines in the Governing Council, with some members favoring programs to buy up corporate debt and others arguing that the ECB should continue focusing on providing liquidity to banks, which are the main source of financing to corporations in the euro zone. But at his appearance at the Foreign Correspondents' Club of Japan during a Tokyo visit, Trichet denied there was any kind of split on the ECB's policy-setting council. -By Michael S. Arnold, Dow Jones Newswires; 81-3-5255-2929; michael.arnold@dowjones.com