ECB Watch


#2041

The ex economist charge against ECB chief Draghi: “It’s out of control” - Seguir leyendo - google translate] - libremercado.com/2014-05-23/ … 276519067/


#2042

How the Euro was (Really) Saved - Doug Noland -> prudentbear.com/2014/05/how- … saved.html

Reliving the euro’s most crucial moments with Peter Spiegel - -> ekathimerini.com/4dcgi/_w_ar … 014_539972

How the Euro Was Saved - -> ft.com/intl/indepth/how-euro-was-saved


#2043

FT: ECB to tackle deflation threat with rate cut on Thursday

google.ie/search?hl=en&gl=u … ff&tbm=nws


#2044

insanity - in the Einstein measure of the word

ECB should directly fund infrastructure in nations with excessive output gaps - and tell the Germans to stick it.

i.e ECB could purchase bonds of European Investment Bank which would have remit for wide, large scale, infrastructure developments across periphery
this is version of QE but would actually work – unlike the US version which is an asset swap and works by placebo on asset prices.


#2045

Absolutely. It would also, on the political side, help patch up the euro project, show Europe is doing stuff, and put funding behind some of the directives that come out of the EU (e.g. on water quality, carbon reduction etc.). Germany shouldn’t be too worried as much of the ‘equipment’ would likely have benefits for the German economy.


#2046

BUT ZE INFLATION YOGAN ZEEEEEEE INFLATION IZ COMING CANT YOU ZEE IT!!!


#2047

Conventional monetary policy, i.e. rate cuts, definitely matter.

Conventional policy should be fully exhausted before the ECB embark on targeted SME LTRO and thereafter targeted QE.

Slower German inflation seen raising pressure on ECB to act

reuters.com/article/2014/06/ … sinessNews


#2048

I understand why they think they work. They’re just wrong. Wrong diagnosis, wrong treatment, likely even wrong paradigm.

Just amazed that the masses haven’t cottoned on to it yet.


#2049

ECB rate cut near certain as manufacturing figures slip

independent.ie/business/worl … 23308.html


#2050

ECB cuts deposit rate below zero - FT.com on.ft.com/SwZUjR via @FT

EUR USD down to 1.3560 odd


#2051

ECB Rate cut to 0.15%

independent.ie/business/iris … 32053.html


#2052

a historic move to negative deposit rates and Charlie and the gang focus on the delight for mortgage holders.
XD


#2053

Is a measly 0.10% drop really going to do much?


#2054

Not to the individual but presumably it helps banks who’s loans books are not full of trackers.


#2055

Going to stop sterilization of SMP (repos) too-> more cash into system


#2056

It’s a 40% drop :smiley:


#2057

Bad news for SVR customers.


#2058

When you’ve only one bullet left you’ve gotta start cutting it in half!


#2059

Double post


#2060

Aren’t they all full of trackers in Ireland?