Gross: ECB Is Running Out of Bonds to Buy

The video discusses the European Central Bank's (ECB) upcoming meeting and the potential impact of Mario Draghi's decisions on quantitative easing (QE). It highlights the importance of the ECB's language and press conference, as well as the market's anticipation of changes in the QE program. The Italian referendum's effect on ECB policy and the challenges faced by Italian banks are also examined. Additionally, the video explores the US Treasury's strategy of issuing longer-dated Treasurys to manage rising interest rates, emphasizing the need for a higher yield to attract investors.

What are the potential implications if Mario Draghi does not extend the quantitative easing program?

What is the significance of the press conference following the European Central Bank meeting?

Discuss the potential effects of negative interest rates on economic growth according to the speaker.

How might the Italian referendum affect Mario Draghi's policy decisions?

What are the considerations regarding the proposal to sell longer dated Treasurys in the context of rising interest rates?