The European Central Bank (ECB) announced today they are launching a quantitative easing (“QE”) program beginning March 2015.
The ECB will coordinate with its member countries’ central banks to purchase 60 billion euros of bonds per month until at least September 2016.
As I discussed in Episode 29, quantitative easing is a financial placebo because its impact is less about its size and more about the stories individuals believe about it.
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