Jefferies Strategist: The ECB and the BoJ Need to Go Way Bigger for Their Easing to Work
Just pushing rates into negative territory isn't enough.
Market Volatility a Symptom of Central Banks: Axel Merk
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The Bank of Japan and European Central Bank are pumping roughly $70 billion into the financial system each month, yet global markets are sputtering, inflation is low, and economic momentum remains underwhelming.
That's because European and Japanese quantitative easing just doesn't pack the same punch as the Fed's bond purchasing program, according to Jefferies Chief Market Strategist David Zervos.