In April of last year we said the ECB would soon end up buying corporate bonds.
We’re not sure if one year later counts as “soon” or not, but ultimately, we were proven correct when, earlier this month, Mario Draghi announced a new easing “package” that includes IG non-fin EU corporates as part of a plan to increase monthly asset purchases by €20 billion.
Powerful speech by Philadelphia’s Catholic Archbishop Charles Chaput at BYU today. Excerpts:
I have a friend of many years, a man committed to his wife and family, well-educated and very Catholic, whose son attended West Point. Over the years he’s taken great pride in his son, and in the ideals of the military academy. He’s still proud of his son. And he still admires the legacy of West Point.
Police have stepped up security at key locations across the UK in the wake of the deadly attacks in Brussels. British prime minister David Cameron warned that Britain faces “a very real terror threat” announcing extra patrols at ports, airports, tube stations and major railway stations. Mark Rowley, the UK’s national police counter terrorism chief, said that increased police activity in the UK was a precaution. “As a precaution forces across the UK have increased policing presence at key locations, including transport hubs, to protect the public and provide reassurance.
Dozens murdered by terrorists in Brussels this morning. From the NYT:
VRT the Belgian public broadcaster have said that the death toll in Brussels has risen to 34, with 20 people killed in the blast on a Metro train and 14 in explosions at the airport. Around 151 others were also injured. British prime minister David Cameron will chair a meeting of the Government’s emergency Cobra committee saying he was “shocked and concerned” after the explosions this morning. Cameron said “we absolutely stand” with the Belgian people and that he has spoken to the Belgian prime minister, offering condolences and security support.