Where we live in the world, that area is what we think about first. If you focus on the New York markets you spend time thinking about what is the federal reserve going to do or not do? However, if you around the world to Europe, you might ask what is the European Central Bank or ECB doing or not doing? Europe has a range of economies – some doing okay, some flat line and some not doing well at all and somehow the ECB must manage the entire lot.

In an article from Reuters, the ECB will focus on more emergency bond purchases and cheap loans for banks whit it puts together its new stimulus package for December to help out the pandemic-hit euro zone ECB president Christine Lagarde said.

The ECB’s job was to keep borrowing costs sufficiently low for households, firms and government and support the banking sector to prevent a credit crunch. The 2 biggest tools have been the Pandemic Emergency Purchase Programme (PEPP) and Targeted Longer-Term Refinancing Operations (TLTRPs).

Ms. Lagarde said while optimistic about the vaccine, it will be some time before there is widespread immunity is achieved.

Linking to dividend paying stocks, if more stimulus is needed in Europe, do you believe it is needed in the US? What is different because the Central Banks have been using the same type of playbook. Most of us are focused on the areas where we live because that is what we come into contact with, but ensure you look around the boundaries to gain a better perspective and decision making.

There are more questions than answers, till the next time – to raising questions.