cmalak
Active member
- Joined
- Apr 10, 2013
- Messages
- 2,304
I cant see where QE can cause an incentive in old Europe. Labour and other laws are just too rigid as are business regulations in general. The Swiss CB likely bailed because the policy was bleeding them dry. They mau=y have to reimpose it if Swiss Industry starts to squeal too loudly.
If you all thought this is chaos, what if the referendum on Gold reserves had passed 2 months ago…THEN the $h!^ would have hit the fan.
Norman...agree with you. QE needs to be followed through with significant reforms (labor regs, fiscal reforms, etc...) to help jump start Europe but even if it does not make a big impact on the underlying economy, just use the US as an analog and it should (as it did in the US) cause European equity markets to go up as investors hunt for higher yields vs. negative real yields in Euro bonds.