From WSJ
''Amid all the hoopla over the London Whale, the U.S. stock selloff, and the Facebook IPO, you may have missed this: The Germans are talking about “accepting” higher inflation.
John Mauldin didn’t miss it, and what it means, he said in his weekly newsletter, is one thing: The Germans have accepted the notion that the only institution with the wherewithal to save the eurozone is the European Central Bank, and the only way possible for the ECB to do it is by printing euros. Trillions and trillions of euros.''
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