Deutsche Bank har store problemer.
De er forbanna på ECB sin politikk og forteller mye der: dokument fra 1 nov. 2016.
"The dark sides of QE, Backdoor socialisation, expropriated savers and asset bubbles"
"While European central bankers commend themselves for the scale and originality of monetary policy since 2012, this self-praise appears increasingly unwarranted. The reality is that since Mr Draghi’s infamous “whatever it takes” speech in 2012, the eurozone has delivered barely any growth, the worst labour market performance among industrial countries, unsustainable debt levels, and inflation far below the central bank’s own target.
While the positive case for European Central Bank intervention is weak at best, it seems that the negative repercussions are becoming overwhelming. This paper outlines the five darker sides to current monetary policy. "
Pdf der: https://www.dbresearch.com/PROD/DBR...sides_of_QE:_Backdoor_socialisation,_expr.pdf
De er forbanna på ECB sin politikk og forteller mye der: dokument fra 1 nov. 2016.
"The dark sides of QE, Backdoor socialisation, expropriated savers and asset bubbles"
"While European central bankers commend themselves for the scale and originality of monetary policy since 2012, this self-praise appears increasingly unwarranted. The reality is that since Mr Draghi’s infamous “whatever it takes” speech in 2012, the eurozone has delivered barely any growth, the worst labour market performance among industrial countries, unsustainable debt levels, and inflation far below the central bank’s own target.
While the positive case for European Central Bank intervention is weak at best, it seems that the negative repercussions are becoming overwhelming. This paper outlines the five darker sides to current monetary policy. "
Pdf der: https://www.dbresearch.com/PROD/DBR...sides_of_QE:_Backdoor_socialisation,_expr.pdf