| Falling oil prices are a double edged sword. On one hand they reflect the positive impact from rising US oil production and provide an economic stimulus shot. On the other hand they reflect a struggling global economy that is seeing falling demand as well as falling confidence.
As deflation and stagnation pressures mount the ECB acts to try to stem the sinking mood in the European Union. European Central bank President Mario Draghi used one of the tools at his disposal, one that he did not need German approval on and decided to buy short term French covered bonds...............................................Full Article: Source
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