Despite our little mistake with time zone differentials, the ECB did what we warned you it would. It announced a cut in its QE purchases, and a target date for ending them altogether.
I have been telling you since January when the ECB cut its purchases from €60 billion to €30 billion, about the scuttlebutt that the ECB would end its purchase program in September. Well, they won’t end it in September, but they’ll cut to €15 billion per month in purchases, with a target date of year end for ending those purchases altogether.
The post Urgent Crash Bulletin After Today’s ECB Announcement appeared first on Lee Adler’s Sure Money.
The post Urgent Crash Bulletin After Today’s ECB Announcement was originally published at The Wall Street Examiner. Follow the money!