Draghi Commits to Trillion-Euro QE Plan in Deflation Fight - Bloomberg
If I were in the Euro Zone right now, I would be swiftly taking my ass to the FX exchange to buy US Dollars (the "All American Currency" will be as sweet as an "All American Milkshake" which I had earlier today) because the all European currency is headed for the shitter over the next year..... parity with USD now looks very possible.
USD is going to be king.... It's too late to buy some Swiss Francs, so id probably have a secondary with Chinese RMB. Id also have at least 10% of my cash in gold & silver.
The only concern I have is this - all the talk is about raising US rates this year but there is a lot of skepticism about whether this will "ACTUALLY" happen considering inflation is subdued and considering its a form of tightening which the markets/economy wont like. If the US instead opts for QE4 to match the euro zone, then what?