Posted To: MBS Commentary
Seemingly overnight (in fact, it WAS overnight yesterday), the notion of a European taper tantrum burst on the scene following comments from ECB President Draghi. Those were as follows: All signs now point to strengthening recovery in the EU Deflationary forces replaced by reflationary ones growth will be above trend and well-distributed among nations inflation will still be muted due to temporary factors still need a considerable amount of accommodation to get through those temporary factors ECB will need to be gradual in adjusting parameters Now this morning, the ECB is already trying to do damage control , saying Draghi intended the comments to balanced and that markets took him way out of context. ECB sources further asserted that markets "failed to take note of caveats." We can...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/2smjSQ9
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