Jens Weidmann, head of Germany’s Bundesbank and member of the Governing Council of the European Central Bank (ECB), does not believe the ECB immediately should offer long-term loans to European banks. This summer saw a rise in interest rates, in anticipation of the Fed tapering its current easy-money policies. However, interest rates have fallen back since the Fed is continuing its bond buying program at previously announced levels. “Under no circumstances should one try to replace the long-term capital market financing of banks with long-term refinancing operations (LTROs) or other monetary policy measures,” said Weidmann.
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
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Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers: