Tag Archives: Draghi

Draghi’s Monetary Policy Statement

Posted on April 26, 2018 by macromon

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 →

Posted in Bonds, ECB, German Bund, Monetary Policy, Uncategorized | Tagged , , | Leave a comment

The Rack Trade

Posted on June 27, 2017 by macromon

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 →

Posted in Bonds, Crude Oil, Uncategorized | Tagged , , , , | 6 Comments

ECB’s bond buying explained – FT

Posted on March 11, 2016 by macromon

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 →

Posted in Economics, Euro | Tagged , , | Leave a comment

Eurozone inflation falls for third straight month

Posted on April 3, 2013 by macromon

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)

Posted in ECB, Monetary Policy | Tagged , , | Leave a comment

Europain: Young and Unemployed

Posted on September 4, 2012 by macromon

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 →

Posted in Employment, Euro, PIIGS, Spain | Tagged , , , | Leave a comment

Weekly Eurozone Watch – Spreads Tighten, Banks Ramp

Posted on August 17, 2012 by macromon

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 →

Posted in Weekly Eurozone Watch | Tagged , , , , , , , | 5 Comments

ECB’s Draghi Statement on 25 bps Rate Cut

Posted on July 5, 2012 by macromon

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)

Posted in Economics, Euro, Monetary Policy | Tagged , , | Leave a comment