Mario Draghi, the European Central Bank President (think Janet Yellen of collection of European countries bound together forming the Euro) made a splash in his speech. Cleverly, he instituted Quantitative Easing (QE), asset purchases to spur the economies in an amount greater than a leaked level earlier in the week.
Markets applauded… now let’s show them the money !
Perception can become reality. The ECB wants growth, and will not stop until they get it …
A positive result would be good for the World economy!
Next week Donald gets to show his stuff in front of a terrific group of fellow advisors. In true Hollywood form (career is taking off) he has been asked to do a 30 minute video too ! Wow… U Da Man! Well Done
The afore-mentioned event will take us both out of the office (not to worry, separate planes!) most of next week. Thanks to technology and Cathy here on the ground we will not miss a beat.
Have a great Friday and enjoy your weekend.
John A. Kvale CFA, CFP
PS Tons to talk about.. trying not to overwhelm, but no promises…haha
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