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Sunday, December 07, 2008

You know you're in trouble when...

... they give a new name to an old crime, in this case, dubbing inflation "quantitative easing".

This phrase yielded an estimated 159,000 results on Google today; watch for imminent "Google result hyperinflation" with respect to this weaselly term. Sackerson is offering a prize for the first sighting of a cartoon in the MSM featuring it.

P.S. 3,210 Google-found news items have it (all dates); 970 in the past month but 1,619 in the last day (how does that statfreak happen?) The earliest news reference found via Google is July 1, 1995 - relating to China's commercial bank reform. A Communist plot, then!

Death to the paper tigers! We demand only tigers with intrinsic value!

5 comments:

James Higham said...

I've had a fair bit of quantitative easing of the pockets but soon it will be quantitative replenishment.

Sackerson said...

You gotta job?

James Higham said...

Not yet, sir but I'm in the running for four.

Sackerson said...

Just do one!

TBRRob said...

I saw this and thought WTF. They probably spend more time looking up the words than trying to understand finance.