“From January 2018 the net asset purchases are intended to continue at a monthly pace of €30 billion until the end of September 2018, or beyond, if necessary, and in any case until the Governing Council sees a sustained adjustment in the path of inflation consistent with its inflation aim.”
“Against this benign environment, the key risk isn’t that the ECB is going to set off a sustained bond bear market.”
Whither the common currency…
Anyone home out there?
As usual, the docket is full and the risks are multiplying.
Fasten your seatbelts.
In a testament to the fact that, contrary to what Mario Draghi said in Washington last weekend, investors do not in fact believe that stocks can go down as well as up, there’s a mad scramble on Thursday morning to explain what’s going on.
Now it gets interesting.
“Let me in.”
Oh, boy. Try to wrap your head around all of this.
Yes, “very gradually.” Or preferably “not at all.” But like the Fed, they’re going take some baby steps and see how things go.
Don’t worry about the orange man.
Come one, come all.
And now, back to your regularly scheduled programming…