Global markets are on edge and the news channels are all talking about the expected announcement by the European Central Bank that it will start “quantitative easing,” what some people call “printing money.” Why is the ECB the last large central bank to resort to this tactic in an effort to pull the European Union out of economic stagnation, and reverse the common currency’s descent into deflation? What exactly will Mario Draghi propose in order to fulfill his promise to do “whatever it takes” to fix the EU economy, and what are the unique problems he faces that his counterparts at the Fed, Bank of England and Bank of Japan did not have?
Seth Klarman Tells His Investors: Central Banks Are Treating Investors Like “Foolish Children”
"Surreal doesn't even begin to describe this moment," Seth Klarman noted in his second-quarter letter to the Baupost Group investors. Commenting on the market developments over the past six months, the value investor stated that events, which would typically occur over an extended time frame, had been compressed into just a few months. He noted Read More
Infographic via Gainsville Coins