ECB Watch


#2181

Or with the excess, they can reduce taxes further on the locals and businesses.
This in turn would allow the low wage earners enjoy a better quality of life.
Low wages & low taxation attract businesses.
It’s a self fueling cycle.


#2182

Yes agreed – increase deficits by either increasing government spending or cutting taxes; either will work, political preference dictates which you’d prefer, cutting taxes is fine by me.


#2183

Eurozone bank stocks up sharply across the board after rumours that the ECB is considering buy them up. Interesting that this rumour comes out just a day after Deutsche Bank throws up warning signals.


#2184

theguardian.com/business/liv … iness-live


#2185

€ has sunk immediately


#2186

More pointless string pushing. Even if they succeed, we’ll all be poorer as their aim is simply to raise consumer prices…


#2187

and immediately popped back up! automatic trading, gota love it. :wink:


#2188

No, they have said that their aim is to counter “deflation” which could destroy economic performance.
At least that’s what I heard on RTE (aka Irish Pravda) yesterday. :angry:


#2189

It seems to me that cutting rates seems to allow money to return into property in some countries. The bubbles are more specific in location than before however.


#2190

German 10 year bunds negative for the first time ever.


#2191

Brexit has been quite good for the German exchequer so far.


#2192

Have Irish bonds gone up or down since Brexit?


#2193

The ecb are going to have a lot more periphery bonds available to purchase in the near future.


#2194

BOOM!

According to Exit Poll, Unidos Podemos+PSOE have absolute majority. #Spain #26J


#2195

Poll miss again… Groundhog Day results.


#2196

Eh, wrong!
bbc.com/news/world-europe-36632276

Of course, those forecasts could also be pants.

Wishing for change doesn’t make it so.


#2197

in fairness El Pais was saying earlier that PSOE + Podemos would have an overall majority (and that C’s would lose quite a few seats)

shouldn’t need a translation (IU are the PBP types)


#2198

The post was from El Pais tweets. If you had read my subsequent post you’d see correction. Not my fault polls missed so badly. I blame the elite pollsters.


#2199

I was saying the polls were wrong.

You jumped the gun by believing the polls, which have been unreliable in the last umpteen elections. It’s quite the poser, really, given how reliable they used to be.


#2200

I wouldn’t trust any poll, unless there was a clear <10% trend one way or another.
The Brexit exit poll being a classic example, it had the Remain side ahead before midnight.