European shares and the euro fire and fall back on the ECB news. The bond purchase program -...


European shares and the euro fire and fall back on the ECB news. The bond purchase program - sterilized intervention in paper of less than 3 years maturity - sounds like a warmed-over version of the SMP and may not have too much of an impact. The Stoxx 50 and the euro are about flat.

Comments (4)
  • jhooper
    , contributor
    Comments (8058) | Send Message
     
    The rumor is it is unlimited bond buying. Then they say the buying will be sterlized. So are they growing the balance sheet or not?
    5 Sep 2012, 09:40 AM Reply Like
  • aliona
    , contributor
    Comment (1) | Send Message
     
    i think that the European lost a lot from the day that they put euro
    5 Sep 2012, 12:41 PM Reply Like
  • DaLatin
    , contributor
    Comments (1522) | Send Message
     
    Yeah, 2 participants leaked asap Selling German Bonds to fund buying Italian & Spanish bonds will do what ? No target will be given and their gambling on things holding,but, without German Bonds the ECB will just be printing ! Not fooling anyone and if the inflation ticks up they have 0 ammo to fight it as German Bonds will be gone. Sterilized my butt !
    No wonder German Council balked !
    5 Sep 2012, 03:25 PM Reply Like
  • lefina
    , contributor
    Comment (1) | Send Message
     
    yes i agree with you aliona
    14 Sep 2012, 06:04 AM Reply Like
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