Well, the central bankers are really beginning to fail in a very public way. Kuroda has obviously made a complete mess of the senior citizens colony known as Japan. Yellen has, so far, been given a free pass by the American public.
Draghi, though, has become an embarrassment beyond my powers of elocution. Exhibit A is Deutsche Bank (NYSE:DB), shown below. As you can see, the stock price is -- and please let this sink in -- far lower than it was during the worst depths of the financial crisis. Try to imagine Goldman Sachs (NYSE:GS) or JPMorgan (NYSE:JPM) being a single-digit stock these days and you get the picture.
In any event, Draghi has mortgaged Europe's future in exchange for the brief illusion of a recovery.
He. Will. Fail.