Category: Currency Currents

Quantitative Easing Gargantuan!

Party time! Excellent! Impressive! European leaders do know how to spike a
punchbowl; that’s for sure. Two objectives to this party: 1) stave off the demise of the
European Monetary Union, and 2) Punish those nasty speculators and trigger a massive
short squeeze.

“The European Union agreed on an audacious €750 billion ($955 billion) bailout
plan in an effort to stanch a burgeoning sovereign debt crisis that began in
Greece but now threatens the stability of financial markets world-wide,” The
Wall Street Journal reported.

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