ZeroHedge – Here’s Why Investment Banks Love The ECB’s QE Program – 1 April 2015

As we already explained in numerous columns and ZeroHedgearticles over the past few weeks and months, we had serious doubts whether or not the Quantitative Easing program whereby the European Central Bank would pump 60B EUR per month in the ‘economy’ would trickle down to the ‘real’ economy. We expected the majority of the liquidity to stay in the ‘system’ as the sticky fingers of the banks would very likely use the funds for their own benefit instead of effectively taking care of their task as middle man to use the funds to re-start the economy in the Eurozone.

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