With the current capital markets having been flooded with Fed, Bank of Japan and
ECB money printing, I'm not sure the junk bond market will act as a warning beacon this time around.
Not exact matches
The economy is really being supported — this isn't just in the United States, it's in Japan, the
ECB and Britain — the economy is being supported by quantitative easing that is allowing for a massive budget deficit and
money printing exercises to go on... As you address the fiscal problems, you are going to have weak economic growth.
He added that
ECB QE could lack the financial and economic benefits needed but predicts that it would still entail the «usual
money -
printing.»
To get inflation towards its goal, the
ECB has slashed interest rates, including its main one to zero, and used monthly bond purchases to pump newly
printed money into the economy.
Ever since the
ECB has begun to implement its assorted
money printing programs in recent years — lately culminating in an outright QE program involving government bonds, agency bonds, ABS and covered bonds — bank reserves and the euro area
money supply have soared.
14.50 Mario Draghi repeated the
ECB was prohibited to
print money to buy government bonds when asked about Greece.
You know if they pull back and get hawkish, they probably can get away with keeping the show going a little longer, but if they just keep
printing money, particularly the
ECB and the Bank of Japan, and funnelling it into the financial system by tens of billions of dollars.
The Swiss franc has appreciated quite a bit recently against the Euro as the European Central Bank (
ECB) continues to
print money to buy government bonds issues by Greek, Portugal, Spain and now Italy.