Jump to content
House Price Crash Forum
Sign in to follow this  
rantnrave

Ecb Qe Programme Confirmed

Recommended Posts

Half a trillion Euros of more funny money on the way...

Financial news service Bloomberg is reporting that staff at the European Central Bank have outlined plans to launch a quantitative easing programme worth up to 500bn euros. Several schemes to buy government debt were outlined according to the report. ECB policy makers are due to meet on 22 January and economists had been expecting them to launch a big effort to boost flagging eurozone economies.

Edited by rantnrave

Share this post


Link to post
Share on other sites

Wonder where it will all end up? Wonder how Foxtons Share Price is responding...

(-5.34%)

Is is confirmed or being considered ?

When will the 2007 banker prosecutions begin ?

Share this post


Link to post
Share on other sites

this will result in more deflation, destruction of private capital until the economy is finished off, and then a humongous hyperinflation

oh the joy.

Share this post


Link to post
Share on other sites

An alternative reading is they haven't decided/actually done anything, which is the same as yesterday. Markets not reacting like it's shock and awe, except Greece isn't rated BBB- or above per the article so probably be hit - which seems like a funny game to be playing. Perhaps it is still just a political game they're playing.

Share this post


Link to post
Share on other sites

An alternative reading is they haven't decided/actually done anything, which is the same as yesterday. Markets not reacting like it's shock and awe, except Greece isn't rated BBB- or above per the article so probably be hit - which seems like a funny game to be playing. Perhaps it is still just a political game they're playing.

Kite flying ahead of Greek election? Nothing much to lose.

Share this post


Link to post
Share on other sites

I'm so tired from waiting to be proven to be right

You've had seven years of being proven right. The Keynesian bubble collapsed in 2008 and they haven't been able to re-inflate it.

Share this post


Link to post
Share on other sites

The Keynesian mentalists are already screaming 'too small'. :rolleyes:

Well it doesn't even take the ECB b/s back to where it was, so probably.

Other possibility (per Gavyn Davies blog) is that there's some combo of ECB action that satisfies Germany (more or less) with local CBs buying local country bonds as well.

http://blogs.ft.com/gavyndavies/2015/01/07/gavyn-davies-a-critical-few-weeks-for-the-eurozone/

Edited by R K

Share this post


Link to post
Share on other sites

The Keynesian mentalists are already screaming 'too small'. :rolleyes:

Only marginally more than our own 375 billion pounds once you convert that to euros.

62 million people against 332 million.

Share this post


Link to post
Share on other sites

Only marginally more than our own 375 billion pounds once you convert that to euros.

62 million people against 332 million.

Yeah, they UK robbed their people so much more than the Europeans propose to.

Which bankers should the people, if that way inclined, string up first ?

Edited by TheCountOfNowhere

Share this post


Link to post
Share on other sites

Kite flying ahead of Greek election? Nothing much to lose.

Greece election 25th. Draghi on 22nd. If I was Greek and the ECB came out 3 days before my vote with an everything but Greece type plan or one that amounted to any additional Greek sov debt risk solely carried by the Bank of Greece and local banks, I'd definitely vote for the most anti-EU party out there on principle, let alone because then not much left to lose.

Share this post


Link to post
Share on other sites

Greece election 25th. Draghi on 22nd. If I was Greek and the ECB came out 3 days before my vote with an everything but Greece type plan or one that amounted to any additional Greek sov debt risk solely carried by the Bank of Greece and local banks, I'd definitely vote for the most anti-EU party out there on principle, let alone because then not much left to lose.

Is this the reason why the ecb changed there meting schedule from monthly to every six weeks?the cynical side of me things a month is now seen to be long enough for forward guidance to work ,,let them stew/guess a bit longer

Share this post


Link to post
Share on other sites

Is this the reason why the ecb changed there meting schedule from monthly to every six weeks?the cynical side of me things a month is now seen to be long enough for forward guidance to work ,,let them stew/guess a bit longer

It seems to me bankers seem to think they should influence whole countries democracies.

For me, the banks need to be shutdown.

Share this post


Link to post
Share on other sites

Looks like a done deal to me. If so, I think any hopes of a UK HPC can be pushed back at least another two years...

:(

How so ?

Euorpean buyers money being devalued, investors flocking to europe to catch their Central Banker generated meag bubble.

Could spell (even more) disater for that unique and different market...London

Share this post


Link to post
Share on other sites

Greece election 25th. Draghi on 22nd. If I was Greek and the ECB came out 3 days before my vote with an everything but Greece type plan or one that amounted to any additional Greek sov debt risk solely carried by the Bank of Greece and local banks, I'd definitely vote for the most anti-EU party out there on principle, let alone because then not much left to lose.

Agree. This is so much more about politics than monetary operations at this juncture. I'd imagine Draghi would not want to be seen influencing the election outcome. Germany though? Who knows whether they really want Syriza to win or lose.

Share this post


Link to post
Share on other sites

Agree. This is so much more about politics than monetary operations at this juncture. I'd imagine Draghi would not want to be seen influencing the election outcome. Germany though? Who knows whether they really want Syriza to win or lose.

Yeah, just like this fella:

http://www.telegraph.co.uk/finance/bank-of-england/11084339/Mark-Carney-Currency-union-is-incompatible-with-Scottish-independence.html

Independent bankers look after the people of the country. :rolleyes:

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   211 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.