European QE Could Bost Emerging Markets

Although the US is winding down its own programme of QE, Monson doubts that that is the end of the story of central bank stimulus creating money that ends up in stock markets. ‘I think QE is here to stay and as a consequence this extraordinary bull run in real assets has some way left to run.’Yet rather than being driven by the US Federal Reserve, Monson supposes that the next phase of the rally could be spurred by the European Central Bank – especially with stubbornly low inflation in the continent and long-standing hawks such as Bundesbank president Jens Weidmann softening their tone. ‘It is highly likely the Europeans will be the next to embark on quantitative easing,’ Monson claimed.


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-Igor P Purlantov