SaxoTV

Jakobsen: ECB about to make biggest policy mistake in its history

1,437 views
December 04, 2014 eastern europe, ecb, ecb action, ecb balance sheet, ecb council, ecb draghi, ecb euro, ecb inflation target, ecb meeting, ecb news, ecb policy, ecb rate, ecb rate cut, ecb rate decision, ecb rates, ecb rates decision, eur, eur usd, eurchf, eureur, eurgbp, eurjpy, eurjpy price, eurnok, euro, euro area, euro crisis, euro dollar, euro dollar strength, euro economy, euro gdp, euro growth, euro high, euro inflation, euro pound, euro rates, euro recovery, euro sterling, euro strength, euro weakness, euro yen, euro zone, euro-dólar, eurocrisis, eurodebt, eurodollar, europa, europe, europe crisis, europe gdp, europe growth, europe recession, european, european banks, european central bank, european central bank rate, european central banks, european commission, european economy, european growth, european monetary policy, european recession, european recovery, european union, eurozona, eurozone, eurozone crisis, eurozone economy, eurozone euro, eurozone gdp, eurozone growth, eurozone inflation, eurozone recession, eurozone recover, eurozone recovery, eurusd, eurusd bearish, eurusd trade, eurusd trade idea, eutr, german, german bunds, german dax, german economic data, german economy, german elections, german exports, german gdp, german manufacturing, german stocks, germaneconomy, germany, germany dax index, germany economy, germany gdp, hungary, piigs, saxo tv, steen jakobsen, tradingfloor.com
Timing is everything and the ECB has got it completely wrong according to Saxo Bank's Chief Economist Steen Jakobsen who argues that the central bank is about to make the biggest policy mistake in its history, if it introduces QE. Steen predicts EU recovery in the second half of 2015, largely driven by leaner and meaner Eastern European states, and that QE is therefore an over-reaction.