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2015-03-23 — wsj.com
A wave of cash is leaving the eurozone, where returns on safe assets are infinitesimal, if they are positive at all, and headed to the U.S. and other refuges such as Denmark and Switzerland.
... Another effect has made the flood out of Europe especially powerful. Unlike the Fed's three waves of quantitative easing, the ECB's version is coming as European governments are trimming budgets. That means they issue fewer bonds, and European investors have more reason to look abroad for returns instead of paying dearly for relatively scarce assets at home—or having cash in euros that they might need to pay to hold on to. source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |