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comment by kleinbl00
kleinbl00  ·  1141 days ago  ·  link  ·    ·  parent  ·  post: ECB pulls out all stops with rate cuts, stimulus boost

I think it's because Draghi has become entirely predictable and entirely bully-able. We've got to be getting to the point where consensus holds the central bankers will keep shoveling money in until they lose the ability to do so, at which point the whole thing comes in for a hard landing. When that's the perspective, "shoveling money" means nothing more than business as usual.

mk  ·  1141 days ago  ·  link  ·  

Yes. No doubt. I was saying to kuli that I think this move makes the US Fed more likely to raise next week. I am sure there is a psychological independence factor at work.

Interesting that the ECB will be buying non-banking corporate bonds. No moral hazard there.