New Federalists

Morgan Stanley: Full-Blown Quantitatve Easing May Be Needed To Save Europe, And We Could Still See 1987 Redux

A possible way to read last week’s sharp post-bailout rally, and then the subsequent selloff, is that markets were initially enthused by the ECB’s intervention on bond markets, but then dispirited once they realized that this was not quantitative easing.

All bond purchases will be sterilized, said Jean-Claude Trichet, meaning that on net the bond buying won’t add liquidity to the system.

The lack of QE means that Europe didn’t really engage the nuclear option, and decided to leave one crucial weapon in the tank.

admin Politics Corruption, DEBT, Financial Fraud, Morgan Stanley

Collapse is imminent if the course does not change. Between the VAT, Carbon taxes, increased income taxes and other things – the situation is unsustainable!

admin Politics Alex jones, DEBT, Financial debalce, Financial Terrorism, Recession