Not at this time=Never ever!

To be expected:

Bundesbank President Jens Weidmann and Executive Board member Sabine Lautenschlaeger were against implementing QE now, according to euro-area central-bank officials. Klaas Knot of the Netherlands, Ewald Nowotny of Austria and Estonia’s Ardo Hansson also expressed reservations against starting the program at this time, the people said, asking not to be identified because the deliberations were private.

I can understand the “northern”, but what the heck is little Estonia, who came into the club only recently (January 11), playing “holier than thou”. In particular, since joining up, its inflation has “dived” while aggregate nominal spending has “jived”.

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Dive-jive_2

 

One thought on “Not at this time=Never ever!

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