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and lower energy prices supporting real disposable income

See what he did there? When real disposable incomes turn out to go down, it will not be the fault of the ECB, but of higher energy prices, because Who Could Have Predicted?

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II

by eurogreen on Mon Oct 6th, 2014 at 11:42:26 AM EST
[ Parent ]
Well, lower energy prices do come with depression.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Oct 6th, 2014 at 11:48:36 AM EST
[ Parent ]
As in '08-'09.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Oct 6th, 2014 at 11:50:14 AM EST
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Oops, should have said 'contraction'....never use the D word.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Oct 6th, 2014 at 11:51:16 AM EST
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Well, he had to put a bit of icing on the cake.

I mean, if there are "ongoing improvements in financial conditions", what is he doing announcing measures against there being no lending, no investment (ie everyone hanging on to their last penny)?

That just leaves him with "fiscal consolidation and structural reforms", which everyone can see are not in fact producing anything positive. As that is in fact the cake he wants us to swallow, it's a bit stale and nasty.

So, energy prices are the icing. Got to find some somewhere.

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Oct 6th, 2014 at 11:51:41 AM EST
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