Mario draghi commits a trillion dollar qe plan. The ecb president did surprise market to some extent with his announcement of the ecbs version of qualitative easing. 60 billion euros a month in various kinds of purchases, in sovereign debt and assetbacked securities and covered bonds. The surprise came from the amount. There were reports it would be 50 million 50 billion euros a month. He said it would last until at least the end of september 2016. Depending on how effective it is. 80 of these purchases will be handled by the 19 National Central banks and they will be on the hook for some of their own losses. Investors did express a lot of confidence in his plan. One of them was the former chancellor current chancellor of the u. K. This is welcome action from the European Central bank. Action from a central bank is necessary but not sufficient for a european recovery. We want to see this a company by clear plans to make the continent more competitive to create jobs, to make sure our Pu
Early numbers from shoppers indicate they did not spend as much as they did last year. Welcome to the show. Just getting some eurozone pmi data out. This the second reading out for november. The wide numbers come in at 50. 1, previous month was 50. 6. The forecast was 50. 4. Its come in below forecast. This follows the individual readings out from france and germany. Germany the headline number coming out at 49. 5, retraction territory. The lowest reading for germany in the last 15 months. The eurozone wide number coming in at 50. 1. The euro dollar at 124. 55. Italys final Third Quarter came in at negative 0. 1 . Contraction in growth for the Third Quarter. Italy has shrunk or stagnated for the last 13 consecutive quarters. Fragile recovery thus far for italy. Joining us know is the chief Investment Officer at tatan investment. The eurozone number below expectations. The german number coming in with retraction. Is that a surprise . That is a bit of a surprise. I would have thought aft
I think what ive seen in some of the news reports suggests that folks are getting a little further ahead of where were at than we currently are. And i think thats not just my assessment but the assessment of our military as well. We need to make sure that weve got clear plans so that were developing them. To have a press conference to say we dont have a strategy was really shocking, given the severity of the threat. Watch the webcast extra, gwen white house officials immediately began to explain what the president meant, which is never a good thing are we getting mixed messages here, alex sis . Sitting in the room and listening to the president , i was struck also, because we have been hearing him a lot more, speaking in these short bursts about the situation. And i thought part of the challenge he was having was describing clearly two strategy he is has in mind and also the goal. He neglected to talk about what is the goal here. And i think if we understood better the goal, it would h
I think what ive seen in some of the news reports suggests that folks are getting a little further ahead of where were at than we currently are. And i think thats not just my assessment but the assessment of our military as well. We need to make sure that weve got clear plans so that were developing them. To have a press conference to say we dont have a strategy was really shocking, given the severity of the threat. Watch the webcast extra, gwen white house officials immediately began to explain what the president meant, which is never a good thing are we getting mixed messages here, alex sis . Sitting in the room and listening to the president , i was struck also, because we have been hearing him a lot more, speaking in these short bursts about the situation. And i thought part of the challenge he was having was describing clearly two strategy he is has in mind and also the goal. He neglected to talk about what is the goal here. And i think if we understood better the goal, it would h
I think what ive seen in some of the news reports suggests that folks are getting a little further ahead of where were at than we currently are. And i think thats not just my assessment but the assessment of our military as well. We need to make sure that weve got clear plans so that were developing them. To have a press conference to say we dont have a strategy was really shocking, given the severity of the threat. Watch the webcast extra, gwen white house officials immediately began to explain what the president meant, which is never a good thing are we getting mixed messages here, alex sis . Sitting in the room and listening to the president , i was struck also, because we have been hearing him a lot more, speaking in these short bursts about the situation. And i thought part of the challenge he was having was describing clearly two strategy he is has in mind and also the goal. He neglected to talk about what is the goal here. And i think if we understood better the goal, it would h