As expected today’s ECB statements were a snoozer, and likely Mario Draghi’s official statement will be too – “more of the same.” However, the real fun and games will come as he combats questions on 1) the lack of effectiveness of QE so far (just wait, any day now it will work), and 2) helicopter money (“whatever it takes”). He better offer some hope for moar as EUR is surging into the meeting…
We’re gonna need a bigger jawbone…
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via http://ift.tt/1WHuPre Tyler Durden