Investors hoping for the bond-buying bazooka to be brought out at this Thursday's ECB meeting...
Tuesday, July 31, 2012, 2:46 PM ETInvestors hoping for the bond-buying bazooka to be brought out at this Thursday's ECB meeting are "getting ahead of themselves," writes Vince Cignarella. Draghi's hint at such was unilateral and he still faces big obstacles - namely the Northern crowd on the Governing Council (led by the Germans). At best Thursday will bring a 50 bp cut in the benchmark rate (to 0.25%) and another LTRO.
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