Central Bank Panic


European Central Bank President Mario Draghi threw the door wide open on Friday for more dramatic action to rescue the euro zone economy, saying “excessively low” inflation had to be raised quickly by whatever means necessary.

(Heaven forbid that the citizenry should benefit from lower prices)


China cut benchmark interest rates for the first time since July 2012 as leaders step up support for the world’s second-largest economy, sending global shares, oil and metals prices higher.

(Sounds of housing bubble bursting, off)

But party on, dudes and dudettes, because the bankers have your backs. Really.

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