The European Central Bank is finally putting action behind its words. More than two years after proclaiming they would do “whatever it takes to preserve the euro”, ECB President Mario Draghi revealed on Thursday that the central bank would be coordinating a plan to purchase assets totaling 60 billion euros per month. Investment markets rejoiced immediately following the announcement that the last major central bank has finally joined the quantitative easing game. But not all asset purchase programs are created equal. As a result, it is reasonable to consider exactly what U.S. investors can expect from the ECB’s QE program moving forward.
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