ECB Cuts Rates, Restarts Open-Ended QE, Announces Tiering, Enhances Forward Guidance

ECB Cuts Rates, Restarts Open-Ended QE, Announces Tiering, Enhances Forward Guidance

It was probably a stretch to suggest, as some did, that the September ECB meeting represented the most daunting challenge Mario Draghi has ever faced. After all, every, single day is daunting when you're tasked with holding together a fractious monetary union comprised of disparate economies harboring in some cases wildly divergent views on the correct course of fiscal policy and even on the desirability of preserving the euro itself. And that's to say nothing of political differences across lo
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2 thoughts on “ECB Cuts Rates, Restarts Open-Ended QE, Announces Tiering, Enhances Forward Guidance

  1. i think im turning japanese https://www.youtube.com/watch?v=IWWwM2wwMww

    while the words/reasons why might be different the actions are the same, no? japan buys all the govt bonds, targets 0%; ez buys more than annual issuance pusing rates negative; japan buys corporate bonds; ez too; japan buys equity etfs (along with the swiss)…any reason why the EZ wont also buy euro equities someday, ya know to help the economy.

    didnt someone once opine on how money should/will be demoninated in units of productive capital (aka stocks)…destined to have no cash, always be fully invested in the sp500, and only sell shares into fiat for immediate consumption? get your capital assets while you can! you may never be able to accumulate fiat enough to buy said assets by merely earning wages going forward! /s

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