From Financial Sense
By Sy Harding
"If you go into the woods with a gun and meet an angry bear, and you make a great noise firing off your ammunition but miss the bear, the noise only scaring it off for a while before it comes back at you again, and you keep firing the gun and making a great noise, but continue to miss, the bear catches on, and so do you. You realize you’re almost out of rounds, that firing more will probably be unproductive since you really aren’t a shooter and the rounds don’t go where you aim them. But since just making a noise had been effective in at least scaring the bear away for a while, maybe you can save yourself by just waving the gun and making a lot of noise. You know it’s an act of desperation not likely to succeed - but it might. So it’s worth a try, and what else can you do anyway.
This week central banks and euro-zone officials showed us that is the predicament they’re in.''
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