Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Watch Live: Mario Draghi Explains Why He Is Ending QE As EU Economy Collapses

Courtesy of ZeroHedge. View original post here.

We are sure he has good reason – of course he does – but if anyone thinks that Draghi killing QE is anything to do with economic strength or an EU renaissance, think again…

It appears Draghi thinks the worst economic data disappointments in 7 years is the perfect time to end his bond-buying scheme…

Watch as Draghi explains his way out of this one…

Draghi unveiled the ECB's new GDP and inflation forecasts.

Here one surprise was the big drop in 2018 GDP from 2.4% to 2.1%, while 2019 and 2020 were kept unchanged:

  • 2018 cut to 2.1% from 2.4%
  • 2019 unchanged at 1.9%
  • 2020 unchanged at 1.7%

Even more surprising is that in the ECB's latest HICP inflation forecast, the central bank now expects inflation to be perfectly unchanged for the next 3 years, from 1.7% in 2018 (up from 1.4% previously), to 1.7% in 2019 to 1.7% in 2020.


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!