September 2012 Mario Draghi, ECB Bond Buying Program Details Leaked: Mario Draghi, the head of the European Central Bank will be buying bonds. The new bond buying scheme will focus on “unlimited purchases of government debt” which will be “sterilized” to mitigate the negative impact of printing money. There will be no public caps on yields,…
ECB Lowers Rates To New Low, China Drops Rates, Bank Of England Announces More Bond Buying: Global easing may not be over -it may just be the beginning. The European Central Bank cut rates to a new record low today in attempts to stem the debt crisis that has been dogging the region for several…
U.S. Stocks Rebound After Goldman Equity Call Confusion, ECB Announces New Collateral Acceptance: Stocks rose today taking back some of the losses from yesterday after Goldman Sachs sent out confusing messages on the economy and trading U.S. equities. Yesterday, Goldman Sachs told investors to not only sell stocks, but to bet on them declining. The…
