Stimulus

As additional comparison for the current state of European credit, as you can easily get lost in the train wreck, I thought it interesting to include separately a wider perspective. I’m sure what I present below will make “sense” to someone at the ECB or one of the other central bank confederates in the context of monetary economics as it has been practiced. To anyone else with a sense of propriety about finance, below will also make perfect sense but rather in the context of an unending continental (and global?) depression. Hello 1930’s.