Get Market Pulse's stock picks in your inbox! Sign up for our free Newsletter today!

December 15, 2011 at 08:23 AM EST
20 billion euro ECB weekly buy isn’t nothing
While not my first choice for public policy, the 20 billion euro ECB bond buying isn’t nothing. It’s something over $1.3 trillion per year at current exchange rates. At the macro level it sort of funds the entire euro zone deficit spending. And deficits are currently reasonable high. So, even while recognizing that timing is everything, the solvency issue [...]

While not my first choice for public policy,
the 20 billion euro ECB bond buying isn’t nothing.
It’s something over $1.3 trillion per year at current exchange rates.

At the macro level it sort of funds the entire euro zone deficit spending.
And deficits are currently reasonable high.

So, even while recognizing that timing is everything,
the solvency issue could be in the process of stabilizing as the various ‘new’
‘E’ funding proposals and IMF come closer to fruition.

Not that the euro economy will boom anytime soon
as austerity measures take their toll,
but that ‘leg 2′ of the relief rally could be in progress.

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here
Stock Information and Stock Picks Each Month