tag:blogger.com,1999:blog-6616959642391988608.post1919200091252543256..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Manufacturing still looks strongScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6616959642391988608.post-12985575155250260522014-10-02T02:23:59.581-07:002014-10-02T02:23:59.581-07:00There's a tendency in Europe to believe that m...There's a tendency in Europe to believe that monetary policy will solve all the problems, even the non-monetary ones.<br /><br />Despite the lack of a formal QE program, monetary stance is very accommodative, and the ECB keeps ultra-low rates.<br /><br />The problem lies in bad policies (anti-business, anti-growth, suffocating taxation) in many core European countries.<br /><br />No central Vespasianushttps://www.blogger.com/profile/08430697851208423321noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-76805072422866848522014-10-01T19:53:15.296-07:002014-10-01T19:53:15.296-07:00I don't think swap spreads, loose money, or wh...I don't think swap spreads, loose money, or what ever will help Europe. They need to get back to nation states with national currencies and form some sort of free trade zone among themselves.<br /><br />How refreshing it would be for them to stop blaming Germany for all their problems.<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-79281416648889350862014-10-01T17:10:53.471-07:002014-10-01T17:10:53.471-07:00The ECB has a monetary noose around the neck of th...The ECB has a monetary noose around the neck of the European economy. Egads. They tried that in Japan for 20 years---and they still say Japan needs structural reforms. In other words, tight money does need bring about structural reforms, only stagdeflation.<br />Think about it: would tight money fix the USA's demented pinko ethanol program? <br />Tight money does not work. See Europe. See Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com