ECB resumes quantitative easing after 9 months and cuts rates for the first time in 3 years

[onthehook8]

ECB said that it will run the program "for as long as necessary"; at least until it starts seeing an increase in its key interest rates. The QE program was paused in December after buying €2.6 trillion of bonds.

Interesting article about the ECB lowering interest rates and resuming QE. It's a crazy world we live in where negative interest rates and massive printing of currency are the norm for the ECB. Who knows, but I'd be willing to bet that this doesn't end well.....

Read the full story here.....
https://finance.yahoo.com/news/ecb-resumes-quantitative-easing-9-125547764.html

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[onthehook8]

Gold is a little above $1500 right now.....

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