seveda bo spet vihar v kozarcu vode in eksplozija tekmujocih pravljic na temo, kateri pristop da bi bil Zares Pravi za to, da slovenija boljse skoz pride, vendar na koncu - je to predvsem stvar tega, kaj bo pocela ali uspela poceti ecb.

v tem duhu zelo priporocam seekingalpha.com/art...-dirigible

(ce niste prijavljeni, bo tekst verjetno razbit v vec strani in bo treba listati. brezplacna dostopnost ponavadi traja prvih nekaj dni od objave. ta je bila 16.4., tako da po moje bo vsak cas konec.)

za motivacijo:

- The ECB is less sure about the rebound, so it has engaged a monetary policy afterburner called TLTRO III. Unfortunately, there is very little monetary aviation fuel in the tank, and some ECB aviators are choking off the emergency tank fuel-line already. In the meantime, the fuel gauge and the altimeter continue to fall, whilst the political compass has lost its true North. The Brits are fumbling with their parachutes, whilst the Americans are bombing the landing strip.

- According to Sabine Lautenschlaeger, the ECB has consistently underestimated the slack in the Eurozone labor market. Such an admission from a reviled German monetary policy Hawk is a seismic shift. It also speaks to the perilous state of the Germany economy. The ECB has allegedly made this mistake by failing to note the fact that many people, who have dropped out of the labor-pool, have not jumped back in so far. The implication is that they will never do so. The observation of tight labor markets and attendant inflation risk is thus pure artefact.

- Having identified the worst-case outcome, the ECB will then address it incrementally; just in case it ceases to be the worst-case outcome in the future. This behavior is internally flawed, because it is lacking in credible commitment to do anything other than identify the main problem. Failure to address the problem convincingly then undermines credible commitment.