The European Central Bank could ultimately add stocks to the assets it purchases in an effort to shake its economy out of the doldrums by prompting companies to do more investment and spending.
Rick Rieder, BlackRock chief investment officer of global fixed income, said the European negative interest rate policy has actually had the effect of making equity financing more expensive for European corporates. Rieder said multiples on European equities are low, and the central bank could make targeted purchases in the market through ETFs or select sectors. "European equities re not expensive at all," he said, in response to a question on whether the ECB would create a stock market bubble with stock purchases.
He said there's been underinvestment in Europe, and righting the capital structure, so it's not so tipped toward debt would be healthy.
I love MSM's regurgetation of propaganda without any further analysis of what is being proposed. Any real journalists left?
Imagine if the Fed purchased refrigerators from Sears or Chevy Cruzes (to keep the plant open in Youngstown). There would be all this righteous condemnation of the Fed's 'socialism.' However, if the Fed buys stocks or assets from banks, well that's capitalism. It is BS!
Let them eat equities.
When asked about the serious consequences of NIRP, Mr Buffett giggled and then told a story about a girl he had a crush on in Junior High School 😉 BeckyQuick TheDomino
Not sure why would anyone be surprised by this, Japan is leading as usual.
Burning the candles on both ends. With Gasoline!
That wouldn't be corrupt would it. Shoring up failing companies share prices.
Meteo1970 soechristian continued criminality that will accelerate the gap between the rich and the poor. A gap that since 2015 has accelerated beyond all prior measures. QEtheft
The ECB is just full of terrible ideas 😂
The trials will be must see TV.
They already do
The road to becoming Japan.
You mean that haven’t secretly been doing it already?
Everyone buy everything!
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