Talk still cheap – ECB writes the check again

Lots of talk, particularly from Germany about the ECB not writing the check, due to (errant) inflation concerns. But to no avail. In fact, with the Rubicon crossing decision to haircut Greek bonds 50% for the private sector’s holdings, expect the check writing to continue to intensify. And expect economies to continue to slow under […]

Total euro CB offerings (update1)

[Skip to the end] The total is now up to $354 billion including $100 billion in overnight funds added by the ECB. Haven’t seen overnight funds by the Bank of England or Swiss National Bank. Haven’t seen any Bank of Japan numbers. ECB Leads Push to Flood Banks With Unlimited Dollars (update1) Oct. 15 (Bloomberg) […]