Draghi rolled out his much threatened QE bazooka yesterday and global inflation expectations have plunged further in response. Commodities and North American yields are falling some more…
Belief in monetary magic may have felt fun while it lasted. Unfortunately after toxic injections of ‘stimulants’, global demand is now non-responsive.
Mario Draghi led the European Central Bank into a new era, committing to a quantitative easing program worth at least 1.1 trillion euros ($1.3 trillion) to counter the threat of a deflationary spiral. Here is a direct video link.
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