As certain key economic statistics are rising in the Eurozone, the European Central Bank (ECB) announced today that they were dropping interest rates “to ward of deflation.” ECB also launches asset backed securities purchase plan The ECB also announced they were engaging in asset backed securities, turning to a “quantitative easing” like stimulus program similar to that of the US Federal Reserve. Although some reports initially called the move a “surprise,” ValueWalk reported yesterday the move into an artificial stimulus program was anticipated. We wrote: “Don’t be surprised to see quantitative easing (QE) across Europe,” pointing to a recent research note from…
ECB Asset Purchase Announcement Didn't Surprise Everyone
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.