The European Central Bank, ECB, will unveil an unlimited bond-buying tool NEXT WEEK!
From Greg M
UNLIMITED BOND BUYING.
The ECB conceded action was necessary after long arguing inflation is temporary. But as bond yields in the euro zone’s more-indebted members jumped at the prospect of the first rate hikes since 2011, officials decided they needed an instrument to run in parallel so monetary policy is effective.
“The design of the new tool will leave maximum discretion to the Governing Council,” said Kristian Toedtmann, an economist at Dekabank. “By being deliberately vague, central bankers hope that on the one hand the sheer existence of such a tool will be enough to avoid turmoil in financial markets.
Read more.. Click here: https://finance.yahoo.com/news/ecb-bond-tool-seen-having-040000033.html
By being vague they can avoid responsibility; it's, therefore , easier to blame the next imaginary scapegoat on their magical mystery tour.
Forget about QE INFINITY!
We now have Fragmentation INFINITY!