Thursday, September 4, 2014

ECB Initiates QE

If the economy is so great that the stock market merits new all-time record highs today, then why does the ECB need QE? 

from CNBC:
"U.S. stocks rose on Thursday, lifting the Dow and S&P 500 to records, after the European Central Bank unexpectedly reduced its key rate and announced plans to purchase asset-backed securities to spur economic growth."