"History proves… that a smart central bank can protect the economy and the financial sector from the nastier side effects of a stock market collapse." – Ben Bernanke
Recent developments from Europe brought to market attention a leaked document showing that the ECB’s monetary policy and legal committees advised against QE. Yet, Draghi did the opposite. He had to, considering the situation in the European banking sector.
One of the latest Lead-Lag Reports focuses precisely on the European financial sector (EUFN) and the implications of negative interest rates on European banks. German banks,