The Next Step in Europe’s Negative-Interest-Rate Experiment
The European Central Bank (ECB) pushed its deposit rate to minus 0.4 percent in April 2016: Since then, euro area banks must pay 0.4…
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Inflation To Rise – We expect UK, ECB and US Policy to Diverge
Purely for geopolitical reasons, namely frustration at the failure of the governments of individual member states to respond to repeated calls for “structural reforms”,…
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Zero Hedge: With The Greek Crisis Back, There Are Five Possible Scenarios From Here
As discussed last Friday, Greece is back in the public spotlight and – hardly surprising – it is once again on the verge of…
Read MoreMario’s Squeezy-B
Having already touched upon the UK’s shaky fiscal position, all that really needs to be added, now that the Chancellor has actually delivered his…
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How Long Will It Take for the ECB to Own All Sovereign Debt of Spain, Germany, France?
By Mike “Mish” Shedlock Source: https://mishtalk.com/2016/08/25/how-long-will-it-take-for-the-ecb-to-own-all-sovereign-debt-of-spain-germany-france/ Huky Guru on Guru’s Blog posted a chart that answers the question: How Long Will it Take For the…
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Off Target
Money, generally accepted medium of exchange, acts as a veil that confuse and blurs economic relations. This is especially true when it comes to…
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BREXIT and Economic Growth – is there any link?
On Thursday June 23 2016 the people of Britain voted in a referendum to leave the European Union (EU). Most commentators view Britain’s exit…
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ECB Policy-Failure On Display: European Businesses Aren’t Planning To Invest
There once was a time (at least in banished Austrian economic circles) when low market interest rates signaled to entrepreneurs a positive environment in…
Read MoreMario meets Spinal Tap
Not only is he a man who does not seem to understand how banks actually, not only is he dominated with the idée fixé…
Read MoreRyan McMaken: The European Central Bank Finally Throws in the Kitchen Sink
Back in January, ECB President Mario Draghi doubled down on his earlier commitment to do “whatever it takes” to prop up the European economy with…
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