Sweden cuts rates below zero and starts QE
Sweden's central bank has cut its key interest rate from 0% to a record low of -0.1%.
It also launched a programme of quantitative easing, buying government bonds worth 10 billion kronor ($1.2bn) to inject cash into the economy.
The central bank, or Riksbank, said that there was a risk that inflation would not rise fast enough.
Prices have risen in only one of the last 12 months. The annual inflation rate in January stood at -0.3%.DYI Comments: Deflation is spreading to a country near you and will be moving in a westward direction. A slowdown is afoot. How long will the U.S. be the lone wolf of growth (as good as that is) is any ones guess. What we do know stock and bond markets are very expensive in relation to sales, earnings, and my favorite dividends.
DYI
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