European Central Bank to Continue to Pump Away on QE
I realize we’re all waiting for tomorrow’s US unemployment numbers, but the ECB is telling us they will continue to pump away on QE. Their new projections for growth and inflation remain weak (they revised their projections lower) and therefore they will continue their program to it’s conclusion in 2016.
Here’s the statement:
I’m watching Draghi now and think he’s still the best communicator of all the central bank heads out there.
However, he’s already made it clear they stand ready to expand its stimulus programs due to weak growth and low/declining inflation.
For this interview, I explain why you should dismiss Bill Gross’ comment that the stock markets are a casino. Also, I explain why the media’s depiction of Tuesday’s sell-off due to a weak China PMI was just wrong!
Originally posted on AndrewBusch.com.
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