The European Central Bank has launched a 'bazooka' $820 billion pandemic fund to aid markets. 'There are no limits.' response to the coronavirus in a bid to calm financial markets.
It follows similar plans by the Federal Reserve and numerous major economies to stem the damage from Covid-19. response to the coronavirus in a bid to calm financial markets. The ECB had been under pressure to respond following a decision by the Federal Reserve Sunday to provide a $700 billion stimulus package while also bringing interest rates close to zero in the US.
Source: Financial Digest (financialdigest.net)
Aqui el Presidente de argentiba dijo que el FMI tuvo consideracion porque el Papa Francisco los convenció a Ustedes de ser buenos con argentina, hay que terminar con las mentiras de esa maldita iglesia catolica que son violadores y ladrones
You are luck to have the best mind in charge!
Albert Einstein is widely credited with saying, “The definition of insanity is doing the same thing over and over again, but expecting different results.”
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European markets shun ECB stimulus package and head for lower openEuropean markets are expected to open lower despite the European Central Bank launching a 750 billion euro (around $821 billion) bond-buying program. pushingonastring Been here before. Try doughnuteconomics shutdown hurts our fundamentals You mean pumping the markets with cash is fruitless ? And only a massive shift of wealth back to the labor class will correct course ? Almost like you have to solve the underlying problem (Coronavirus) causing volatility and not just throw money at it
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Australia stocks jump more than 2% as ECB announces $821 billion stimulus packageThe European Central Bank announced a new €750 billion ($821 billion) Pandemic Emergency Purchase Programme which will purchase securities to help support the European economy. It will be down tomorrow
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ECB to print 1 trillion euro this year to stem coronavirus routThe European Central Bank launched 750 billion euro emergency bond purchase sche... More money is not the solution. Yes print it to 0 baby! Burn it all down! It will be very interesting to watch the impact of CoronaVirus🦠 on Economics and Environment. Future scholarly books will be written about this particular period.
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Historic Market Plunge Amid Global Scramble To Contain 'Invisible Enemy'Despite emergency action from global central banks over the coronavirus pandemic, trillions of dollars in market value have been wiped out. ✔
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ECB launches new $820 billion coronavirus packageThe ECB has launched a 750 billion euro ($820 billion) asset purchase program in an effort to help mitigate the impact of the coronavirus outbreak, as the death toll in Europe hits new highs. Print print print print to eternity But does this include HBO and Showtime ?
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Investors in World Bank's 'pandemic bonds' face big losses due to the coronavirus outbreakThose bonds, issued by the World Bank's International Bank for Reconstruction and Development in 2017, were designed to pay out funds to countries which need help to contain a pandemic. Last monday, anyone bond yield rate in this world was slumping. Investors were seeking anything haven assets like treasury bonds. Why is there even a pandemic fund? Come on, do we have a nuclear fund? The time to buy assets is now!
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