Ira Yosebashvili
speaker
41 appearances
1 recordings
1 series
first heard Jul 2019
last heard Jul 2019
Ira Yosebashvili’s voice in public audio — every appearance, attributed to the second.
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Appearances
WSJ Your Money Briefing · Interest Rate Chatter: It Boosts Gold and Yen Prices, Too · 24 Jul 2019
podcast
That's right.
It's not just the Fed.
It's central banks all over the world.
It's the Fed.
It's the ECB.
It's the Bank of Japan.
Recently, I think the New Zealand Central Bank said it also plans to offer some kind of monetary stimulus.
So what that's doing is it's creating waves in asset markets.
Now, the most obvious consequences are it's boosting prices for stocks and boosting prices for bonds.
The story that Sam and I did yesterday explains that it's basically affecting just about every asset out there in some way and talks about some of the more prominent ones that are seeing effects from that, like the Swiss franc, for example.
It is a little unsettling.
And what happens is if you're an investor holding euros...
And you just heard that the ECB is intent on easing monetary policy further.
Well, that tells you two things.
That tells you that rates are probably going lower in the Eurozone, where already a lot of investors have to pay for the privilege of
of holding Euro-denominated assets.
So now rates are going even lower, and that's all happening.
That's happening for a reason.
It's happening because growth in the Eurozone is just not very strong.
So if you still want to keep your money in Europe and own some sort of European assets,
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