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
FT: ECB to tackle deflation threat with rate cut on Thursday
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.
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.
BUT ZE INFLATION YOGAN ZEEEEEEE INFLATION IZ COMING CANT YOU ZEE IT!!!
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
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.
ECB rate cut near certain as manufacturing figures slip
a historic move to negative deposit rates and Charlie and the gang focus on the delight for mortgage holders.
Is a measly 0.10% drop really going to do much?
Not to the individual but presumably it helps banks who’s loans books are not full of trackers.
Going to stop sterilization of SMP (repos) too-> more cash into system
It’s a 40% drop
Bad news for SVR customers.
When you’ve only one bullet left you’ve gotta start cutting it in half!
Aren’t they all full of trackers in Ireland?