Overtime for the Printing Presses

At the time of writing (Thursday 22nd Jan) the European Central Bank has unveiled a new stimulus package of at least 1.1 trillion Euros, with interest rates also at record lows of 0.05% it seems that the ECB are concerned enough about the ailing Economy to forget their usual paranoia (inflation....hyperinflation of the 1920's was no fun, imagine going to do with weekly shopping!).

The stimulus programme, Central Bankers tells us, is aimed at stimulating the economy - however today's response by equity markets suggest that poor allocation of capital will continue and drive the "QE bubble" in equities even higher.