As a percentage of GDP, European countries have done way more bailouts and loan guarantees than the US (see chart on screen) since the pandemic started.
In early June the ECB announced what some are calling QE Infinity:1) QE infinity? The European Central Bank's emergency stimulus has no real end in sight https://www.cnbc.com/2020/06/05/ecb-c...2) The ECB just announced $676 billion of new stimulus to fight the coronavirus https://markets.businessinsider.com/n...3) ECB Seen Boosting Stimulus by December to Aid Fledgling Recovery https://www.bnnbloomberg.ca/ecb-seen-...4) ECB committed to stimulus with outlook 'highly uncertain', Lane says https://finance.yahoo.com/news/ecb-co...
A $10 Trillion Fed Balance Sheet Is Coming https://finance.yahoo.com/news/10-tri...
Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason's work at his blog website at www.jasonburack.com.