ECB – The QE contributed 1.9% to GDP.
By creating a zombie economy that returns everything as soon as it stops#ECB #bubble pic.twitter.com/oqb5d6p42E— Amit Noam Tal (@amital13) March 18, 2019
ECB policy has not helped banks… rather the opposite pic.twitter.com/KYQF2Kpzhs
— Daniel Lacalle (@dlacalle_IA) March 18, 2019
Standard goal for CB is to synchronise credit expansion. But negative interest rate are against that goal – they destroy reserves. That’s why they buy assets. It’s like pouring water into the bucket with no bottom. It’s absolutely crazy.
— Zibi99 (@Zibi991) March 18, 2019