Following the US media’s reporting on the Republican primaries it seems like the candidate who will be nominated for the GOP candidacy for US presidency and who will eventually might win the presidential elections will be decided by their views about a retro-toy called Etch A Sket. Might I suggest that US political pundits instead start following the actions of an Italian called Mario – Mario Draghi!
On December 8 the ECB under the leadership of newly appointed ECB chief Mario Draghi moved to ease monetary policy by introducing the so-called 3-year LTRO.
See what happened to President Obama’s reelection chances after the introduction of the 3-year LRTO. The chance of reelection shortly after jumped by 10 percentage points according the prediction market InTrade.
Believe it or not but the GOP hopefuls probably miss the French guy - Jean-Claude Trichet the former ECB boss who twice hiked interest rates last year. Last time July 7 – and look what that did to Obama’s reelection chances. Don’t tell me that monetary policy is not important – also for Santorum, Romney and Obama…