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Joy in Mudville: ECB Stimulus

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  • errolanderson
    Senior Member
    • Jan 2012
    • 3132

    Joy in Mudville: ECB Stimulus

    Mario Draghi's comments this morning that the ECB will pour more stimulus (more freshly printed Euros) into Europe's economy hammered the Euro, rallied the U.S. dollar while triggering heavy buying in U.S. equities.

    There is definitely joy in Mudville today despite weakening corporate earnings.
  • perfecho
    Senior Member
    • Feb 2005
    • 1274

    #2
    And then in will be the US's turn....

    Comment

    • errolanderson
      Senior Member
      • Jan 2012
      • 3132

      #3
      http://marktomarket.org/2015/10/22/draghi-throws-door-wide-open-to-december-rate-cut-putting-ecb-credibility-on-the-line/

      ECB to maintain QE for foreseeable future and now the potential of a further rate cut. European rates are already in negative territory.

      The ECB is now 'all in' on this global poker game . . . .

      Comment

      • perfecho
        Senior Member
        • Feb 2005
        • 1274

        #4
        So does the pot get split at the end of the game, or who will win?
        Or...do we say the dollar is no longer valid and press "reset.."
        Even the Bible talks about dismissing debt after 7 years..

        Comment

        • perfecho
          Senior Member
          • Feb 2005
          • 1274

          #5
          So does the pot get split at the end of the game, or who will win?
          Or...do we say the dollar is no longer valid and press "reset.."
          Even the Bible talks about dismissing debt after 7 years..

          Comment

          • ramakrishna.thummala@farms.com
            Junior Member
            • Sep 2015
            • 10

            #6
            Hdhdjd

            Hdjdi udhd iehdu diehd is djd de djd

            Comment

            • cottonpicken
              Senior Member
              • Apr 2006
              • 6993

              #7
              I think it is 70 years and it's where the word jubilee came from. Also something with "a long life".

              Comment

              • errolanderson
                Senior Member
                • Jan 2012
                • 3132

                #8
                http://www.cnbc.com/2015/10/23/chinas-central-bank-cuts-benchmark-interest-rates.html

                A surprise China rate cut overnight. The 6th consecutive drop in rates over the past year. More ammo for equities over 'n above the ECB stimulus today? . . . .

                Who needs earnings when markets have central bankers . . . .

                Comment

                • perfecho
                  Senior Member
                  • Feb 2005
                  • 1274

                  #9
                  Yes....your right CP
                  And about every 80 years, according to "The Crash of 2016", we have a reset, the middle class takes back power from the "economic loyalists".....

                  Comment

                  • cottonpicken
                    Senior Member
                    • Apr 2006
                    • 6993

                    #10
                    1944 was bretton woods.

                    Comment

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