Joy in Mudville: ECB Stimulus

[errolanderson]

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]

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

[errolanderson]

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 . . . .

[perfecho]

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Or...do we say the dollar is no longer valid and press "reset.."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..

[perfecho]

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Or...do we say the dollar is no longer valid and press "reset.."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..

[ramakrishna.thummala@farms.com]

Hdhdjd

Hdjdi udhd iehdu diehd is djd de djd

[cottonpicken]

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

[errolanderson]

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 . . . .

[perfecho]

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".....

[cottonpicken]

1944 was bretton woods.