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Mario Draghi Says The ECB’s QE Is Working: This Chart Says Otherwise
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
zerohedge.com / by Tyler Durden / 02/15/2016 10:14
Moments ago, during his testimony before the European Parliament Mario Draghi made two very bold statements:
- DRAGHI SAYS HALF OF EURO-AREA RECOVERY DUE TO ECB POLICY
- DRAGHI: QE IS WORKING
Well, until recently Draghi could point to the DAX or the Stoxx 600 and make that allegation; however following the recently collapse in European stocks he no longer can. So he is forced to revert to the one chart that actually does show whether the ECB’s QE is boosting the all important lending channel.
The chart below has the answer to a question which translates to “has QE worked“?
The post Mario Draghi Says The ECB’s QE Is Working: This Chart Says Otherwise appeared first on Silver For The People.
Thanks to BrotherJohnF
Source: http://silveristhenew.com/2016/02/15/mario-draghi-says-the-ecbs-qe-is-working-this-chart-says-otherwise/
