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QQQ - Investors Have Completely Lost Their Confidence In Central Banks
PowerShares QQQ Trust Ser 1
Last month, ECB President Mario Draghi made a genuine effort to change the trend that saw inflation expectations in the EU moving down sharply in recent years.
During a speech that he gave at the bank meeting in Sintra, Portugal, Draghi said that a new asset purchase plan has been considered at recent meetings of the bank. Draghi added that the ECB could lower interest rates further in the coming months to assist the bank in meeting its 2% inflation target.
The initial reaction (to the speech) was positive (from Draghi's perspective), seeing the market