European Central Bank officials sent strong signals Tuesday that they are willing to consider dramatic steps to guard against dangerously low inflation, suggesting the bank is prepared to shed some of its traditionally cautious approach.It looks like Mario Draghi and his crew at the ECB have decided to cover The Vapors hit song in their own, unique way.
The possible tools, cited by some top policy makers from different parts of the euro zone, include effective negative interest rates—meaning rates so low that commercial banks would essentially pay the ECB to park their extra cash overnight. They also include purchases of government or private-sector debt to hold down long-term rates and spur lending.
I'm turning Japanese
I think I'm turning Japanese
I really think so
Turning Japanese
I think I'm turning Japanese I really think so
The idea is to flood the place with
Japanese exports haven't jumped the way they expected following their efforts to devalue the Yen using these exact same tools. In fact, the Japanese economy is pretty stagnant and they're executing this strategy in spades.
Funny how the only Japanese export that's booming is the total failure known as Abenomics. Oh well. At least we can enjoy listening to this fun music while the central banks print and print and print and the central governments spend and spend and spend.
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