Home > Main > ECB’s Security Markets Programme is Same as QE

ECB’s Security Markets Programme is Same as QE

August 7, 2011

The markets reacted to QE II by trying to crush the U.S. dollar and the Treasury markets.  They didn’t work.  I wonder what is going to happen when it becomes obvious to the dorks on the bond desks that the SMP is QE ?

Will the markets try to crush the euro and their bond markets too?

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