Well, looks like the EU is going full tilt. The only benefit to be gained is that hopefully when this fails abysmally folks will finally figure out that this crap does not work
http://www.bloomberg.com/news/articles/2016-03-10/ecb-cuts-all-rates-as-qe-boosted-to-80-billion-euros-a-month
3.12.16 Update - And do not take my word for it, Bill Gross says so as well:
http://seekingalpha.com/article/3951216-bill-gross-sunshine-lollipops?li_source=LI&li_medium=liftigniter-widget
His linked piece does a nice job of explaining some of the problems with negative rates and the like - at least up until he gives a sales pitch at the end. I guess a fellas gotta make a buck somehow.
Thursday, March 10, 2016
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