The Process of Ending Massive Money Printing Has Started | Forex Factory

  • The Process of Ending Massive Money Printing Has Started

    From wolfstreet.com

    The ECB has increased the assets on its balance sheet by a monstrous €154 billion ($181 billion) per month so far this year via an alphabet soup of programs, blowing by even the crazed money-printers at the Fed with their average rate of $123 billion a month. While there appears to be consensus at the Fed that “tapering” its asset purchases will begin this year and will be completed in the first half next year, with assets then remaining level, the ECB announced today that it will start tapering its asset purchases now. And thereby it is way behind the Bank of Japan, the Bank of Canada, the Bank of England, the ... (full story)

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fxsport
Sep 10, 2021 7:04am
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Quoting ForestX
{quote} Probably because ECB knows it is not one country but 50 countries they have to "carry" out of pandemic economical levels. They are much likely allowed to because every situation is different in each country
That is a great point that I hadn't considered. However, I was unaware that their PPE program was purchasing MORE assets than the FED! This really IS A BIGGER story than people are aware (IMHO).
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ForestX
Sep 10, 2021 7:00am
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Quoting fxsport
Isn't it funny how EVERYONE makes fun of the FED and how much $ they have printed but the EU gets a pass?
Probably because ECB knows it is not one country but 50 countries they have to "carry" out of pandemic economical levels. They are much likely allowed to because every situation is different in each country
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ForestX
Sep 10, 2021 9:12am
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Quoting fxsport
{quote} That is a great point that I hadn't considered. However, I was unaware that their PPE program was purchasing MORE assets than the FED! This really IS A BIGGER story than people are aware (IMHO).
I agree on that one tbh. They did bought ALOT of assets. Not sure what's gonna happen after everything recovers. Holding and giving money straight to "Zombie" businesses and companies is a huge red flag(Even my country spent too much than they have received.Literally spending on "dumb" stuff)
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nbfx
Sep 10, 2021 9:14am
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"the ECB announced today that it will start tapering its asset purchases now."

OK so how does that fit with this?

https://www.forexfactory.com/news/11...-as-ecb-delays

"The message from the European Central Bank is that it’s in no rush to scale back stimulus,"
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fxsport
Sep 10, 2021 6:51am
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Isn't it funny how EVERYONE makes fun of the FED and how much $ they have printed but the EU gets a pass?
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