Beware of robber banks (RB), bad advisors.
-
Will Mario Draghi leave investors high and dry in December?
So what did European Central Bank policy makers talk about on Thursday? According to ECB President Mario Draghi, there was no discussion of extending the bank’s bond buying program beyond its March end date. There was also no discussion about tapering the pace of the program, which runs at 80 billion euros ($87.4 billion) a month. Concerns about a dwindling supply of eligible bonds to purchase? Nothing there, either. Draghi, however, did drop some clues and managed to spark some short-term volatility in the euro EURUSD, -0.3736% and government bonds, particularly when he acknowledged that quantitative easing ... (full story)