Well, OK, if it isn't then it sure should be.

Draghi mouthing off for weeks about his new grand plans, and all the while the eggheads at the ECB are saying 'wait a minute, things are not so bad, dude'.

Adam highlighted the warning on Wednesday ... "This diminishes that probability of a large move from the ECB. The euro is rallying on this, it's bullish."(ECB said to present largely unchanged macroeconomic forecasts - BBG)

Ah well ... join with me in song ... you know what word to replace: