Tag Archives: Draghi

Draghi’s Monetary Policy Statement

Apr.26 — European Central Bank President Mario Draghi speaks at a news conference in Frankfurt about the economy, monetary policy and inflation after the ECB maintained its pledge to move slowly in removing euro-area stimulus. (This is his opening statement.)  … Continue reading

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The Rack Trade

Ever have a pairs (spread) trade where both sides were moving against you?  Ouch!  Been there, don’t want to do that.   Well, this is what we call the rack trade  (Kudos to Doug Skrypek for coining the term).   You … Continue reading

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ECB’s bond buying explained – FT

ECB’s plans to purchase private sector debt in focus The ECB surprised investors with its unconventional methods of reinvigorating eurozone growth. Rochelle Toplensky, the FT’s markets reporter, explains. For more video content from the Financial Times, visit http://www.FT.com/video (click here … Continue reading

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Eurozone inflation falls for third straight month

Will this give Super Mario enough to cut rates?   The consensus is no.    Remember, ECB does not have the same full employment mandate as the Fed. (click here if video is not observable)

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Europain: Young and Unemployed

The following chart from the Washington Post of Europe’s unemployed youth really captures the human suffering of the European debt and banking crisis.   It also illustrates why labor reform needs to be a key component of the structural adjustment in … Continue reading

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Weekly Eurozone Watch – Spreads Tighten, Banks Ramp

Key Data Points German 10-year bund 11 bps higher; Italy 10-year 23 bps tighter to the Bund; Spain 56  bps tighter; Portugal 33 bps tighter; Greece 9 bps tighter; Large Eurozone banks continue to run, up 3-9 percent for the … Continue reading

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ECB’s Draghi Statement on 25 bps Rate Cut

Looks like gold was looking for a little more than 25 bps, especially after strong initial claims, ADP, and the big move in the dollar. (click here if video is not observable)

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