[B]If you listen very carefully, you can hear the subtle changes that make it pretty clear that German officials are now trying to find a way to make ‘temporary’ money-printing palatable to the German electorate.[/B] The tabling of possible exits from the Eurozone was the first flare sent up, next was the discussion of a breakaway union featuring the ‘strong’ countries…
…other headlines this week have been very carefully laying the groundwork for a speech I dare say we’ll be seeing soon about how, much as it is against the original concept of the Euro, [B]a temporary bout of Quantitative Easing is necessary to save Europe and the Euro from destruction.[/B] We will be in ‘desperate times’, will require ‘bold action’ and can have ‘confidence’ in the ability of Europe’s leaders to ensure there is no inflationary impact from any monetization.
[B]…Once the now-inevitable European money-printing begins,[/B] it’s hard to make a case for a strong Euro -particularly in light of weakening economic data across the core of the region…
That’s a tiny excerpt from an article in John Mauldin’s excellent newsletter, [I][B]Outside the Box.[/B][/I]
Here’s the complete article — Things That Make You Go Hmmm…
This is heavy-duty reading, so you might want to put it off until the weekend.
But, don’t put it off too long. Things might start happening very rapidly, now.