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ECB would do well to keep rates on hold.

ECB would do well to keep rates on hold. For now.
After yesterdays belated market focus on the underlying problems in managing a single strategy for the whole eurozone, it put into sharp focus the policy options facing the ECB. The west has had a ferocious and deadly enemy for the last 40 years, and it was called inflation. All the ammunition and strategy has been directed towards killing this enemy, and the threat has – for the while – gone away. While this battle has been raging however, a new…
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mag 4 Nov

Difficult to persuade the Germans and that changes the ECB

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Perfect day for the European boggyman to drag out an

Perfect day for the European boggyman to drag out an ECB corpse
Nobody loves a fright in the economy more than Ambrose Evans-Pritchard at The Telegraph and for Halloween he got a genuine scare from the Eurozone inflation data.
The region is dangerously close to a Japan-style deflation trap, he said.
He tracked down a mystery ‘former ECB governor’ for his take:
A former ECB governor said the bank’s passive stance over the past few months was a “disaster” for Italy and Spain. The time-lag effects …
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mag 31 Oct

Very intersting.

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Draghi explicit on rate cuts and easing. Is anyone listening?

Yesterday in New York, Mario Draghi once again voiced the ECB stance that rate cuts were still very much on the table. You can read full story from Bloomberg (h/t Bud Spencer) shows it in a fuller light:
“The Governing Council has unanimously agreed to incorporate an easing bias that explicitly provides for further rate reductions, should the volatility in money market conditions return to the levels observed in early summer,”
Now although he’s attached caveats to cutting rates…
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fdsaRUS 11 Oct

относительно инфляции.
Банк Международных Расчетов относительно недавно публиковал свой взгляд на Европу - там графики экспоненты роста долга по всем странам до 2020-24, и Германия не исключение, фактически, это и есть ответ по поводу инфляции в долгосрочной перспективе.
в короткий срок: Драги постоянно говорит о новом ЛИТРО - а это при запуске ЛИТРО, неизбежно скажется на инфляционных процессах, и в отличии от ФРС и США не удастся Европе экспортировать свою инфляцию за рубеж, поэтому угроза инфляционного давления и пугает Меркель

Nadin5794 avatar

инфляционные ожидания, количественное смягчение, усиление кризиса Еврозоны, проблема госдолга США-третий виток на моей практике годовой и третий период резонансный по этим вопросам..."ничто так не однообразно, как повторяющаяся история на Wall Street"...

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