"Bulls make money, bears make money, pigs get slaughtered"
-
Risks of ultra loose ECB policy increasingly clear: Weidmann
The risks of ultra easy monetary policy are becoming increasingly clear so, rather than more stimulus, patience with measures already taken is required, European Central Bank policymaker Jens Weidmann said on Thursday. Striking a hawkish tone, Weidmann also said rising inflation is automatically leading to a looser monetary policy stance and the ECB must be mindful that extraordinary stimulus loses its effect over time while increasing stability risk. "From a cyclical perspective at least, there is a ray of hope on the horizon," Weidmann told a business forum in Amsterdam, arguing that the euro zone is now growing ... (full story)