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30 Hours After Unleashing ECB QE, Coeure Suggests QE2

With US equities down 0.5% this morning and European inflation expectations having given back all their ECB QE gains, it was only a matter of time before some half-witted central-planner felt the need to speak...

  • *COEURE SAYS IF QE IMPACT ISN'T ENOUGH, "WE'LL HAVE TO DO MORE"
  • *COEURE SAYS ECB WILL ASSESS IF QE MUST GO BEYOND SEPTEMBER 2016

Sure enough - just as The BIS warned "the markets' buoyancy hinges on central banks' every word and deed," stocks picked back up on his comments.

" Recent events, if anything, have highlighted once more the degree to which markets are relying on central banks: the markets' buoyancy hinges on central banks' every word and deed. "

So now we know, it now takes just a 0.5% drop in the S&P to get verbal central bank intervention...

 

But it didn't work for inflation expectations...

 

So to answer the question: How do you spell Bullard in French? Simple, Coeure...