David Tepper, co-founder of the hedge fund Appaloosa Management, considers the recent ECB announcement and sees a market environment change as do other hedge funds and financial analysts.
David Tepper: ECB's announcement is very important
“What the ECB did today was very important,” he was quoted as saying on a Bloomberg report with Stephanie Ruhle. “They want growth, an increase in the money supply and inflation,” which is similar to the core moves by the US Federal Reserve in how it managed economic stimulus. “We are done.” Tepper, in similar fashion to other market analysts, is considering the ramifications of loss money across the Eurozone and is drawing similar conclusions with a
Setup a free account to get access to this article (no credit card required).Login required to continue reading.
