Erik S. Weisman, Ph.D., investment officer and portfolio manager at MFS Investment Management (16.06.2014)
"In July, 2012, Mario Draghi declared that the ECB would do whatever it took to preserve the euro. His words have proven to be very powerful, with the EUR strengthening 10 % versus the US dollar since the announcement.
However, euro zone consumer inflation is running about two percentage points lower than it was two years ago and we are at the point where disinflation might become deflation. Comparisons to Japan are not inappropriate.
The ECB announced a plethora of measures to foster economic growth, higher inflation and greater monetary liquidity in the euro zone. And while some of these measures enlarge the ECB's tool kit, the real teeth behind "whatever it takes" has still been left off the table. It may be that Mr. Draghi believes he has to convince the skeptics that the ECB has done everything it could possibly do within its mandate before bringing out the bazooka of quantitative easing. But the longer the ECB waits before using this weapon, the greater the likelihood that it won’t work.“
30 Minuten mit Pictet AM | Greater China im Fokus: Innovationschancen auf der Long- und Short-Seite
„Pictet TR-Mandarin: Innovationen in Greater China mit einem Long/Short-Ansatz nutzen“ | Einladung zum Online-Event mit Nataliya Taleva, Senior Client Portfolio Managerin im Hedgefonds-Team von Pictet...Weitere beliebte Meldungen:
