Excerpts from the Guardian's blog:
"The ECB has arrived at QE late in the day, six years after it was announced in the US and the UK.As Anne Richards, chief investment officer of Aberdeen Asset Management, pointed out, back in 2008-09 the ECB was convinced QE meant hyperinflation. It was fighting the wrong war."
"Many banks in the eurozone are still not in good shape."
"Decision-making in the eurozone is a much more cumbersome process, involving endless delays and horse-trading. Draghi’s QE announcement highlights those weaknesses."
"But the ECB has been signalling its intention to buy bonds for months, and bond yields are already very low."
Read:
http://www.theguardian.com/business/economics-blog/2015/jan/22/european-central-bank-quantitative-easing-not-a-panacea
Without any risk or responsibility
"The ECB has arrived at QE late in the day, six years after it was announced in the US and the UK.As Anne Richards, chief investment officer of Aberdeen Asset Management, pointed out, back in 2008-09 the ECB was convinced QE meant hyperinflation. It was fighting the wrong war."
"Many banks in the eurozone are still not in good shape."
"Decision-making in the eurozone is a much more cumbersome process, involving endless delays and horse-trading. Draghi’s QE announcement highlights those weaknesses."
"But the ECB has been signalling its intention to buy bonds for months, and bond yields are already very low."
Read:
http://www.theguardian.com/business/economics-blog/2015/jan/22/european-central-bank-quantitative-easing-not-a-panacea
Without any risk or responsibility
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