Cassandra Does Tokyo is an Investment Banker now relocated to Japan
~~~
triggers
pushes-the-button on
massive
massive
boost
huge
massive
injects
launches
pump
pull-trigger
bang
financial bazooka
d-day
salvo
unfettered
full-fledged
shock & awe
full-scale
massive
scheme
finally
long-awaited
fatally
exhausted
deflation
rescue
revive
save
struggling
back-door
plummeting
deep-division
severe reservations
wary
slide
teetering
brink
downward-spiral
reluctance
damage
faulty
disappoint
fatally-weaken
unimpressed
questions
flawed
lambast
stagnation
underwhelmed
wrong type
tensions simmer
inevitably fail
deservedly fail
last throw of the dice
too-small-too-late
won’t save
will not solve
unclear
diminished
uncertainty
dangerously-close
save-from-ruin
Poor Draghi must feel like he’s been gang-raped. OK, so it’s “momentous”, unprecedented” blah blah blah. Really? Euro 1 trillion (including existing programs) over the course of a year across an economy sporting GDP > EUR14 Trillion; Net Assets> (I’ve no clue but’ll stake a stab…EUR 70 Trillion??)….hardly worth losing one’s integrity over, considering all the program’s practical limitations. As it happens, the Irish, and foreign obserservers writing in ENglish (India, Japan) were the most measured and least hyperbolic, using neutral language and refraining from the gratuitous ummm errr gratuitousness with words tethered to reality like.
start
begin
announced
revive
stimulate
program
Yes, the latter list is short…
Fun stuff but also totally on target — blast, Cassandra’s right, those metaphors are contagious — if you graphed the degree a government in power staked their credibility to austerity against the rhetorical excesses of that county’s corporate news sources you’d probably get an (ahem) hyperbolic curve upward.
I decided to check in with the European stock markets and see just how grim things really are over there.
Their stock market is up over 20 % since mid-October:
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=XX%3ASXXP&insttype=Index
Attention all financial journalists. Please re-read Barry’s article :http://ritholtz.com/2015/02/financial-journalists-need-to-understand-numbers-better-if-they-want-to-avoid-getting-played/
Don’t hate the players, hate the game. Those with the loudest, most extreme voice, get seen, sell ads, move up. All others fail…