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The ECB And John Law’s Mississippi Bubble—-They Never Learn
03-19-2016, 10:52 PM,
#1
The ECB And John Law’s Mississippi Bubble—-They Never Learn
The ECB And John Law’s Mississippi Bubble—-They Never Learn

Last week, the ECB extended its monetary madness, pushing deposit rates yet more negative. It is extending quantitative easing from sovereign debt into non-financial investment grade bonds, while increasing the pace of acquisition to €80bn per month. The ECB also promised to pay the banks to take credit from it in “targeted longer-term refinancing operations”.


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