Our own Fed started it, the Bank of England followed and now the European Central Bank is likely on the verge of joining in. PRINTING MONEY!
Am I the only one sick of hearing about Europe and its on-again-off-again fixes to debt crises? If there was a reasonable fix, don't you think they would just get on with it?
I think the message is clear. Europe is about to embark on its own shock and awe QE initiative. According to a recent Reuters report, the ECB, albeit reluctantly, has been buying bonds issued by its troubled states in order to stave off threats of default. However, of the 300 billion Euros available for deployment toward this effort, only 115 billion remain.