Euro Tanks On Spanish Deflation
Mar 28, 2014, 13:46 IST
Good morning!
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The euro just tanked.
Here's a chart, via FinViz:
The culprit:
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Spanish Consumer Prices just fell 0.2% year over year.
DEFLATION.
That's raising the prospect of some kind of new, aggressive ECB action next week, QE possibly.
Of course, ECB deflation fears have been around for awhile. And people have been saying forever that the ECB needed to do something more than they have already. And yet nothing's been done.
But maybe this time.
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