Europe Promises More ‘Stimulus’ Seven Years After Draghi’s Promise For...
It is ironic that the setting for his speech was London. The UK, of course, never gave up the pound in favor of adopting the euro. Still, as the years drag on the biggest menace to Europe’s common...
View ArticleWhy You Should Care Germany More and More Looks Like 2009
What if Germany’s economy falls into recession? Unlike, say, Argentina, you can’t so easily dismiss German struggles as an exclusive product of German factors. One of the most orderly and efficient...
View ArticleChina’s Coronavirus Is The New Trade War
According to analysts and economists who watch these things, Germany’s IFO Business Climate Index was expected to continue its rise. Having purportedly bottomed out back in September, like other...
View ArticleWhen Sentiment Flies
According to Germany’s ZEW, economic prospects for the intermediate future in that country (and for Europe, separate survey) haven’t been this positive since 2006. Back then you might remember the...
View ArticleAccusing the Accused of Excusing the Mountain of Evidence
Why not let the accused also sit in the jury box? The answer seems rather obvious. While maybe the truly honest man accused of a crime he did commit would vote for his own conviction, the world seems...
View ArticleMeanwhile, Outside Today’s DC
With all eyes on Washington DC, today, everyone should instead be focused on Europe. As we’ve written for nearly three years now, for nearly three years Europe has been at the unfortunate forefront of...
View ArticleInflation Hysteria #2 (Anleihen kaufen es nicht)
On Monday, November, 9, pharma company Pfizer announced that in partnership with Germany’s BioNTech the pair had finally come up with the answer. The world infested with COVID could breathe easier...
View ArticleThe ‘Cs’ Both Stand For ‘Clown’; YCC ‘Lite’ Hits Europe (allegedly)
The ECB wants everyone to know that it is in control, and therefore has everything under control. Through an almost certainly carefully placed leak, European central bank officials have let it be...
View ArticleTreasuries, Sure, What About Other Government Bond Curves?
The US Treasury curve, as you might have heard, is inverted. After today’s repeat sell-off, it’s a little less inverted than it had been recently (un-inverted in the 2s10s, which isn’t unusual) given...
View ArticleChina Then Europe Then…
This is the difference, though in the end it only amounts to a matter of timing. When pressed (very modestly) on the slow pace of the ECB’s “inflation” “fighting” (theater) campaign, its President,...
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