With US equities down 0.5% this morning and European inflation expectations having given back all their ECB QE gains, it was only a matter of time before some half-witted central-planner felt the need to speak…
- *COEURE SAYS IF QE IMPACT ISN’T ENOUGH, “WE’LL HAVE TO DO MORE”
- *COEURE SAYS ECB WILL ASSESS IF QE MUST GO BEYOND SEPTEMBER 2016
Sure enough – just as The BIS warned “the markets’ buoyancy hinges on central banks’ every word and deed,” stocks picked back up on his comments.
” Recent events, if anything, have highlighted once more the degree to which markets are relying on central banks: the markets’ buoyancy hinges on central banks’ every word and deed. “
So now we know, it now takes just a 0.5% drop in the S&P to get verbal central bank intervention…
But it didn’t work for inflation expectations…
So to answer the question: How do you spell Bullard in French? Simple, Coeure…
