Friday, February 21, 2014

The definition of insanity

http://mobile.bloomberg.com/news/2014-02-12/boe-updates-guidance-with-renewed-pledge-to-keep-record-low-rate.html

If it fails (as it has for ages throughout history), repeat the same tactic again with renewed vigour. Last i remember, Einstein had a nice quote for this kind of behaviour.

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