Home » Posts tagged 'ecb' (Page 4)
Tag Archives: ecb
Draghi Goes All Out: ECB Cuts Rates, Restarts Open-Ended QE, Changes Forward Guidance, Eases TLTRO, Introduces Tiering
Draghi Goes All Out: ECB Cuts Rates, Restarts Open-Ended QE, Changes Forward Guidance, Eases TLTRO, Introduces Tiering With the market worried that Mario Draghi could surprise hawkishly in his parting announcement… … that is how the market initially interpreted today’s ECB press release, which cut already negative deposit rates for the first time since 2016 to […]
Why the ECB should raise, not cut rates
Why the ECB should raise, not cut rates Negative rates are likely one of the reasons behind the lacklustre European growth. Negative rates have worked as a tool to transfer wealth from savers to the indebted governments that have abandoned all structural reforms, while these extremely low rates have also perpetuated overcapacity, incentivised the refinancing of […]
Blackrock CIO: The Endgame Is Coming And Central Banks Will Debase Everything To Spark Inflation
Blackrock CIO: The Endgame Is Coming And Central Banks Will Debase Everything To Spark Inflation Blackrock’s Chief Investment Officer, Rick Rieder, best known perhaps for recently suggesting that the ECB should monetize stocks, writes in the Blackrock blog today and highlights the economic policy state-of-play today, and where it may lead to should economic growth falter, productivity not materialize, and […]
Lagarde Praises Negative Rates, Study Shows They Reduce Lending
Lagarde Praises Negative Rates, Study Shows They Reduce Lending Incoming IMF chief Christine Lagarde says negative rates have helped Europe more than they’ve hurt. I disagree. The nearly always wrong Christine Lagarde is wrong once again. Today she claims Negative Rates Have Helped Europe More Than They’ve Hurt. The next head of the European Central Bank, […]
Signs of recession are hitting Europe. Is its new Central Bank president up for the challenge?
Signs of recession are hitting Europe. Is its new Central Bank president up for the challenge? If new institutional reform is to come to the Eurozone, it will entail a major paradigmatic shift We now know that there will be a changing of the guard at the European Central Bank (ECB) in October. The current […]
World’s Central Banks End Pact That Limited Selling Of Gold
World’s Central Banks End Pact That Limited Selling Of Gold In a surprising announcement on Friday morning, the European Central Bank said the 21 signatories of the 4th Central Bank Gold Agreement (CBGA) “no longer see the need for formal agreement” as the market has developed and matured, and as a result the signatories “decided […]
“Yellow Light” – Is The Credit Market Finally Reversing
“Yellow Light” – Is The Credit Market Finally Reversing Keep digging Yesterday, the European Central Bank held a stand-pat meeting, keeping the benchmark deposit rate at negative 40 basis points. However, ECB president Mario Draghi indicated that rate cuts and a resumption of asset purchases are on tap for September. In the accompanying presser, the outgoing […]
Strait Outta Hormuz
Strait Outta Hormuz The Strait of Hormuz these days seems to be what the streets of Compton used to be in the 90s. Yesterday, Iran’s Revolutionary Guard said it has seized a “foreign vessel” for smuggling fuel. And this morning, news came in that the US has shot down an Iranian drone in the Strait of […]
“We’re Never Going To Go Away From Zero:” Presenting Kyle Bass’ Latest Trade
“We’re Never Going To Go Away From Zero:” Presenting Kyle Bass’ Latest Trade Here at Zero Hedge, we’ve dedicated plenty of attention to signs of “Japanification” in European bond markets… … with the issue taking on even more urgency now that we have influential bond strategists earnestly advocating the purchase of equities by the ECB, and the […]
Low Yield, No Yield, Negative Yield–Buy Now But Don’t Forget to Sell
LOW YIELD, NO YIELD, NEGATIVE YIELD – BUY NOW BUT DON’T FORGET TO SELL The amount of negative yielding fixed securities has hit a new record The Federal Reserve and the ECB are expected to resume easing of interest rates Secondary market liquidity for many fixed income securities is dying Outstanding debt is setting all-time […]
Lagarde, the ECB and the next crisis
Lagarde, the ECB and the next crisis The appointment of Christine Lagarde as president of the ECB has been greeted with euphoria by financial markets. That reaction in itself should be a warning signal. When risky assets soar in the middle of a huge bubble due to a central bank appointment, the supervising entity should be concerned.Lagarde is […]
Square Minus Zero
Square Minus Zero I intentionally start writing this mere minutes away from Fed chair Jay Powell’s latest comments. Intentionally, because the importance ascribed to those comments only means we have gotten so far removed from what capitalism and free markets are supposed to be about, that it’s pathetic. The comments mean something for rich socialists, […]
No, Rate Cuts Were Not Discussed: ECB Insiders Out Draghi as Fabricator & Schemer, and Talk to Reuters
No, Rate Cuts Were Not Discussed: ECB Insiders Out Draghi as Fabricator & Schemer, and Talk to Reuters Draghi’s shenanigans get hilarious, months before his term ends. So here’s ECB President Mario Draghi, whose term ends in October, and he’s at the ECB Forum in Portugal, and in a speech on Tuesday titled innocuously, “Twenty Years of […]
Debt is the Hidden Issue in The European Elections
Debt is the Hidden Issue in The European Elections The citizens of the European Union are called to vote this week for the European Parliament. It is not a real parliament, and it lacks prospects for becoming one, since all important decisions are taken by the unelected heads of the European Commission and the European […]
