One side:
ECB, FED both printing money like no tomorrow.
The other:
ECB, FED both printing money like no tomorrow.
ECB 'unlimited lending' is just a lending to banks, while banks collateral still worth something. Now what the bonds that banks give to ECB does not worth anything? Who gonna to take the beaten? ECB?(no way Jose!) So all these lended money to the banks will have to be paid back! Central banks idea is that once this is over then banks will have enough to pay back and write off all the bad debts. But will it be over soon?