Europe is in a dark place and it just got darker

by youme

QE is disinflationary because it perpetuates overcapacity and unproductive debt, yet it is massively inflationary on risky assets because the objective is to make rising government spending cheap. Hyperinflation created in financial assets as sovereign bonds artificially inflated

More QE from Draghi this morning because they don’t know what to do. They have run out of options.