The ECB is doing it, might as well "keep up with the Joneses".
Yo dawg, I heard you like inflation....
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The ECB is doing it, might as well "keep up with the Joneses".
Yo dawg, I heard you like inflation....
Inflation is not a bad thing when in a tight bracket. It favorises consumption. (Inflation = price raises + salary raises)
1% inflation: strong dollar.
3% = trouble
5% = out of control zone, Zimbabwe mode.
That is what the Fed watches when they have their hands on the tap of QE and on the IR.
I personally see a 1:1 parity between USD and EUR at mid 2017.
Super Mario (Draghi) just fell in love with QE...