Comments from the ECB's De Guidos
- We have to be very prudent about coronavirus response
- I don't think there is a pervasive overvaluations of real estate at all in eurozone
Here's a bullish argument for coronavirus. Say it gets worse and central banks cut rates and pump in more money. Governments also run big deficits again. Eventually, when the virus dissipates, do they remove the stimulus? My guess is no.
