I’ve had enough of the military analogies for unconventional monetary policy, bazookas and all that. It’s time for something new to freshen up this dull global deflation story. I just watched the clip from the movie Pulp Fiction where John Travolta plunges a massive adrenaline shot into an unconscious Uma Thurman’s chest and thought, that’s more like it!
Truly, it is more like it. Travolta marked his target with a red felt pen, wound up and delivered the hormone dose straight to the heart. It worked – an instantaneous recovery.