The long awaited moment is nigh as investors and assorted believers in Qualitative Easing, aka Qualitative Squeezing, depending on one's view of this monetary madness, later today see what's on the mind of the ECB and its astute leader Mario Draghi.
The sure bet is not everyone wll be happy no matter what the ECB pulls out of its magical chapeau.
For QE apologists like Financial Times columnist Martin Wolf who blames something he calls "chronic demand deficiency syndrome,"claiming in his latest garble that Europe is afflicted with it to those austerity prone Germans Wolf labels as pathological, disappointment will carry the day.
Too much or too little too late or too whatever, it's the nature of people carp and grumble.
In our humble view, Wolf's description should more correctly be labeled "chronic supply crock syndrome," but that's just our us being us.
Wolf takes the ultimate swipe at those who favor prudence over profligacy and those stubborn Germans when he notes whatever Draghi does, if it fails, it won't be because the bank is "too independent but because it's not independent enough."
That's not the call of the wild you're hearing, it's the call of the fiat paper printing shills.
(Reuters) - Asian shares held near eight-week highs on Thursday as investors bet on the likely size and scope of a bond-buying program the European Central Bank is poised to unveil later in the day as it attempts to revive the flagging euro zone economy.
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