“When there’s concerted action by central banks, it’s definitely good,” said Jens Sondergaard, senior European economist at Nomura International Plc in London.

That concerted effort is a shift that is happening ... we are no longer going to be employees of the government (for whom we at least vote) we are becoming employees of Goldman Sachs (there will be no voting) ... Look at who is running Greece, Italy and the ECB ... who is the treasury secretary in the US and who orchestrated the bail-outs in the US ... All in the publc interest ... yeah right.

Mr. ex GS Carney is dragging Canada along for the ride ... after all .. why shouldn't Canada take less on the loans for CDS (insurance policy against bad bonds) so that other countries can play in the warm Mediterrean sun.

orgy