ECB Swamped European Bond Market With Liquidity, Says Okada

The video discusses the complexity of the European market compared to the US, focusing on the impact of the bond buying program and liquidity. It highlights the softening of global growth, particularly in Europe, and the implications of market changes, including credit spreads and rate hikes. The conclusion emphasizes the long-term benefits of ending the bond buying program, despite its manipulation of the rate and currency markets.

What does the speaker suggest about the future of credit spreads in Europe?

In what way does the speaker view the end of the bond buying program?