Today the ECB followed deeper into the already discredited Greenspan-Bernanke trap, by doubling up on trickle down monetary policies. What the Global economies need is a new structure that starts with a healthy consumer.
Tomorrow we will see how this trickle down FED program in working. We need to see job growth of at least 300,000 to show that we are coming out of the swoon. To me, anything less than 100,000 would be the final nail.