The Phaserl


Going Up?

from Market Anthropology:

Despite arriving late to Thursday’s press conference – ironically, held up by the new ECB elevator system that just wouldn’t cooperate… Draghi delivered the goods. The ECB would buy over 1 trillion euros through September 2016 – or until there is a “sustained adjustment in the path of inflation”. True to monetary form, the program exceeded expectations, even surprising by 20 percent the tactical “leak” of 50 billion euros/month floated just the day before.

Well played Super Mario – well played, however;

– Will it work?
– Will it be enough? – or,
– Is it too late?

Considering it’s Europe’s first salvo fired at the QE range, it’s probably wise to let the dust settle some more – although conventional wisdom yesterday echoed expectations that the program will further suppress yields.

Read More @

h/t GoldSilver com

Help us spread the ANTIDOTE to corporate propaganda.

Please follow SGT Report on Twitter & help share the message.

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>