“China – the BRICS – and the US are printing endless gouts of money, and now it appears as if the European Union is headed in the same direction. According to economists, the ECB could cut interest rates even further while embarking on a campaign of asset-backed purchases that might include a ‘fullblown’ QE. What’s the timing of something like this? According to the article, ‘the market is clearly expecting a large-scale asset purchase programme, maybe not at the next meeting but by the end of the year.’ It would seem that even as the US is scaling back such programs, Europeans may be exposed to an aggressive variant of the same strategy.”
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