Time's A Ticking

The always colorful Ambrose Evans-Pritchard:

Fiscal and interest rate ammo has been exhausted, though not QE. I have little doubt that central banks can lift the West out of debt-deflation if needed with genuine QE – not Ben Bernanke's Black Box "creditism", or Japan's fringe dabbling. Whether they have the nerve or the ideological willingness to do so is another matter.

Also see his earlier comments on Bernanke's "creditism" here.