People look at EU flags hanging at half-staff, to pay respect to victims of the recent floods in Europe, outside EU headquarters in Brussels, Tuesday, July 20, 2021. Belgium is holding a day of mourning on Tuesday to show respect to the victims of the devastating flooding last week, when massive rains turned streets in eastern Europe into deadly torrents of water, mud and flotsam. (AP Photo/Virginia Mayo)
FRANKFURT, Germany (AP) — Facing unease over the spread of a more-contagious variant of the coronavirus, the European Central Bank said it would maintain its stimulus in the form of ultra-low interest rates until inflation “durably” reaches its 2% target.
The ECB said it would not back off its efforts to support the economy even if that resulted in a “transitory” period of inflation moderately above target.
The bank’s policy meeting Thursday was the first to employ the bank’s new monetary policy strategy that analysts say would permit the bank to employ stimulus for longer periods. The strategy abandoned the bank’s old inflation target of “close to but below” 2% in favor of a “symmetric” 2% target that allows for extended stimulus in times of trouble — even if that means briefly overshooting the inflation target.
The bank otherwise left its key rates and stimulus programs unchanged.7 Reddit Stocks That Have a Chance to Be Special
As a conservative investor, I have a grudging admiration for the small army of retail traders that are making their dreams come true. I’m talking, of course, about the group of day traders who have made a habit of finding low-priced stocks (particularly those with high short interest) and attempting to send them “to the moon.”
They are called meme stocks, casino stocks, or Reddit stocks (named for the website where some of these traders congregate). It all means the same thing. And as much as I say I admire the traders who have profited from these stocks, I do it from a safe distance.
Many of these stocks were penny stocks. And they were penny stocks for a reason. No amount of speculative rocket fuel is going to change that. But if you look at some of these stocks as objectively as possible, there may be hope.
And in this special presentation, we’re going to look at seven Reddit stocks that might just have a chance to have a life beyond this current mania phase.
View the "7 Reddit Stocks That Have a Chance to Be Special"