investmentwatchblog.com / by·
What are all those machines feeding on? A wall of central bank liquidity, that’s what. All those machines “earning” money every single day for their operators have to get that money from somewhere.
As always, I prefer to trust what people do, not what they say. Here’s what Draghi has recently said:
Jun 27, 2017
“All the signs now point to a strengthening and broadening recovery in the euro area,” Draghi, said recognizing the improvements. However, he argued that the inflation dynamics aren’t solid enough to exit the stimulus program.
“We are still in a situation of continuing slack, and where a long period of subpar inflation translates into a slower return of inflation to our objective. Inflation dynamics are not yet durable and self-sustaining. So our monetary policy needs to be persistent,” Draghi said.