Over the last few months private bankers in the EU in Germany at Deutsche Bank and Commerzbank are turning customers away who want to deposit cash?
Banks in Germany Tell Customers to Take Deposits Elsewhere https://www.wsj.com/articles/banks-in...?EUR<
And then central bankers at the European Central Bank (ECB) want a higher inflation target with an increase in European corporate and government bond purchases?
ECB must accept no further delay in lifting inflation: Panetta https://www.reuters.com/article/us-ec...?EUR<
And this is after the ECB is already committed to buying 70% of all new EU government bonds issued in 2021. How much will be enough? 80%? 90%? 95%? 100%?
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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.