Tag Archives: ECB

Memo to Wall Street:  The Monetary Cavalry Ain’t Coming

Posted on August 31, 2022 by macromon

For the past 25 years, markets have depended on central banks to bail them out because of the delusion that “inflation had been vanquished to the dustbin of history.” Even after the Jay Powell smackdown, we still hear talk of … Continue reading →

Posted in Inflation/Deflation, Monetary Policy, Uncategorized | Tagged , , , , | 22 Comments

We Have Lift Off! (in the $)

Posted on March 7, 2019 by macromon

  Can’t believe that was fiddy years past.  Going to see the new Apollo 11 flick on Saturday with my 15-year old daughter, who wants to be an astrophysicist. Back to biz… The Dixie – “To the Moon, Alice” Another … Continue reading →

Posted in Black Swan Watch, Dollar, Uncategorized | Tagged , , , | 1 Comment

Inflation With A Draghi Tatoo?

Posted on December 13, 2018 by macromon

Draghi: QE is part of our toolbox and can be considered to be useable by the Governing Council in contingencies. We’ve always considered this and it has now been sanctioned by the ECJ — European Central Bank (@ecb) December 13, … Continue reading →

Posted in Banking, Monetary Policy, Uncategorized | Tagged , , , , | 2 Comments

ECB Easy As 123

Posted on July 26, 2018 by macromon

It's ECB day! We've done all the hard work so you don't have to. pic.twitter.com/sF33oJheAk — ING Economics (@ING_Economics) July 26, 2018

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ECB to end stimulus programme later this year

Posted on June 14, 2018 by macromon

ECB President Mario Draghi admitted the eurozone recovery has slowed and kept record low interest rates unchanged… READ MORE : http://www.euronews.com/2018/06/14/ec…

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The Bund With A Draghi Tattoo

Posted on June 12, 2018 by macromon

The consequences for global markets of an end to ECB QE will be much bigger than those associated with the end of the Fed’s QE –  Guillermo Tolosa, Oxford Economics Huge ECB meeting on Thursday.   Will Mario Draghi announce a path to normalize monetary … Continue reading →

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

Swan Lake – June 6

Posted on June 6, 2018 by macromon

The swans were relatively well behaved today.  Watch Brazil. Significant move in Italian 2-year, up 35 bps, resulting in big curve flattener.  Yields up across the board in Europe as ECB making noises QE is about to change. Mario Draghi … Continue reading →

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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 →

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Fed Day With Extremely Loose Financial Conditions

Posted on September 20, 2017 by macromon

Today is the day,  folks. The consensus is the Fed announces the start of quantitative tightening (QT).   History in the making. Draining Liquidity Though monetary tightening officially began in December 2015,  this will be the first time the Fed drains … Continue reading →

Posted in ECB, Economics, Equities, Euro, Fed, Monetary Policy, Uncategorized | Tagged , , , , | 1 Comment

QOTD: Super Mario Speaks

Posted on June 27, 2017 by macromon

“Deflationary forces have been replaced by reflationary ones.”  – Mario Draghi

Posted in ECB, Euro, Inflation/Deflation, Monetary Policy, Uncategorized | Tagged , , , | Leave a comment