Trichet The Comedian
ECB President Jean-Claude Trichet apparently opposes this however, as this would increase inflationary expectations. He further argues that
"investors have not lost faith in the ECB's ability to deliver price stability and that only temporary "shocks"' have caused its ceiling to be breached."
Temporary? If something goes on year after year it sure ain't temporary. And I'd like to see the investors who actually believe the ECB will deliver what they've almost never delivered so far during the latest 10 years. I don't know what these guys have been smoking, but it sure ain't tobacco, if you know what I mean.....
Still, his assertions of "temporary" factors that last a decade and investors who actually believe that did at least provide me with a good laugh.