FedUpUSA

The Definition Of Insanity

Insanity

… Is shown on the chart below, which compares indexed growth, or lack thereof, in G-5 GDP and compares it to consolidated central bank balance sheets. We bring this up because following this morning’s announcement by the ECB’s Praet that the European central bank may launch a round of QE (of questionable legality) it is only a matter of time before the red linereally¬†takes off and insanity hits truly unseen levels.

There is little to add to this except for the punchline from¬†reformed QEaser Andrew Huszar, which was the following: “We were working feverishly to preserve the impression that the Fed knew what it was doing.

Pretty much says it all.

Zerohedge

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