Category Archives: ECB

Draghi – “OMT is meant to keep sovereign yields just under panic levels”

‘OMTs are designed to keep government bond yields just below ‘panic’ levels, as previously defined, not to bring them down to levels that would somehow help government solvency.’ Strengthening financial resilience

Posted in ECB |

placebo’s doing their thing

As previously discussed, financial placebos like QE do cause market participants to alter behavior out of either a misunderstanding of the actual fundamentals, or in anticipation of reactions by others presumed to be misinformed. And while the effects of these … Continue reading

Posted in ECB, Equities, Fed, GDP |

Market Watch

Radical fixes needed to make the euro work Commentary: Warren Mosler has a plan but no takers By Darrell Delamaide May 8 (MarketWatch) — If youre ever tempted to think the euro zone has turned the corner and is on … Continue reading

Posted in Currencies, ECB, EU |

DRAGHI SAYS ECB TECHNICALLY READY FOR NEGATIVE DEPOSIT RATES

If anyone can get a message to him, please tell him that, functionally, negative rates are just a tax on deposits that ultimately reduces spending/output/employment, much like the PSI did in Greece and whatever you want to call the ‘deposit … Continue reading

Posted in CBs, ECB, EU |

Germany’s Ifo Drops in April, Raising Odds of ECB Cut

And a rate cut only makes it worse, as per the interest income channels: Germany’s Ifo Drops in April, Raising Odds of ECB Cut April 24 (Bloomberg) — Germany’s Ifo index dropped in April, in a further sign that Europe’s … Continue reading

Posted in ECB, Germany |

Thaler’s Corner 04-22-2013 2013: And now?

Again, very well stated! Thaler’s Corner I must admit that I am at a loss for words these days. The analytical items at our disposal describe a situation so complex, given a myriad of contradictory influences, that I find it … Continue reading

Posted in ECB, EU, Housing, Interest Rates, USA |

Draghi Considers Plan B

Yet more proposals that won’t work. The problem remains: Deficits are too small while they all think they are too large. Draghi Considers Plan B as Sentiment Dims After Cyprus Fumble By Jeff Black and Jana Randow and Stefan Riecher … Continue reading

Posted in ECB |

Cyprus proposal detail

Proposals from earlier today: ECB guarantees deposits for .25% annual fee ECB takes over regulation, supervision, enforcement of banking regs etc. This becomes the model for regulating all EU banks I finally got a quick minute to add some color … Continue reading

Posted in ECB, EU | Tagged , |

Cyprus proposal Inbox

ECB guarantees deposits for .25% annual fee ECB takes over regulation, supervision, enforcement of banking regs etc. This becomes the model for regulating all EU banks Of course I have no say ;)

Posted in ECB |

Cyprus Funding Need and Sources

In line with prior info. Also, Europe is entirely dependent on Russia for a large chunk of its gas and some oil as well. They made Russia promise and cross their hearts never to cut it off, but they could … Continue reading

Posted in ECB |