-
In economics, things take longer to happen than you think they will, and then they happen faster than you thought they could.
-
Join 1,215 other subscribers
Contribute To GMM
Categories
- 3D Printing
- Agriculture
- AI
- Algos
- Apple
- Automation
- Banking
- BFTP
- Bitcoin
- Black Swan Watch
- Bonds
- Brazil
- Brexit
- BRICs
- Budget Deficit
- Capital Flows
- Cartoon of the Day
- Cashless Society
- Chart of the Day
- Charts
- China
- Clean Tech
- Climate Change
- Coach C
- Commodities
- Coronavirus
- COVID
- Credit
- Crude Oil
- Currency
- Cyprus
- Daily Risk Monitor
- Day In History
- Debt
- Demographics
- Disinflaton
- Dollar
- Earnings
- ECB
- Economics
- Economist
- Egypt
- Electric Vehicles
- Emerging Markets
- Employment
- Energy
- Environment
- Equities
- Equity
- Euro
- Eurozone Sovereign Spreads
- Exchange Rates
- Fed
- Finance and the Good Society
- FinTech
- Fiscal Cliff Monitor
- Fiscal Policy
- Food Prices
- France
- Futurist
- Game Theory
- General Interest
- Geopolitical
- Geopolitics
- German Bund
- Germany
- Global Macro Watch
- Global Reset
- Global Risk Monitor
- Global Stock Performance
- Global Trend Indicators
- Gold
- Greece
- Healthcare
- Heat Map
- Hedge Funds
- Housing
- Human Interest
- Immigration
- Impeachment
- India
- Inequality
- Inflation/Deflation
- Infographics
- Innovation
- Institutional Investors
- Interest Rate Monitor
- Interest Rates
- Interviews
- Italian Yields
- Italy
- Japan
- Jobs
- Lectures
- Macro Notes from Conference Calls
- Manufacturing
- Masters
- Mexico
- Monetary Policy
- Movies
- Muni Bonds
- Muni Market
- Natural Gas
- News
- Nonlinear Thinking
- North Korea
- Overbought Markets
- Picture of the Day
- PIIGS
- PMIs
- Policy
- Politics
- Population
- Populism
- Poverty
- President Trump
- Qunat Strategies
- Quote of the Day
- Quotes
- Rare Earth Elements
- Readership
- Reads
- Real Estate
- Relative Strength Index
- Robert Shiller
- RSIs
- S&P500
- Sector ETF Peformance
- Semiconductor prices
- Semiconductors
- Social Media
- Socialism
- Song for the Week
- Sovereign Debt
- Sovereign Risk
- Spain
- Sports
- State and Local Government
- Tail Risk
- Technical Analysis
- Technology
- The Big Reset
- The Weekend Read
- This Day In Financial History
- Trade War
- Trades
- Tweet of the Day
- Ugly Chart Contest
- Uncategorized
- US Releases
- Video
- Volatility
- Wages
- Week Ahead
- Week in Review
- Weekend Reads
- Weekly Eurozone Watch
- Whales
-
Recent Posts
Meta
Tag Archives: ECB
The Race to Debase
Wow! Nice catch up by the ECB. Don’t you get the feeling more QE3 talk from from the FED confirmed by dollar stabilization — i.e., non-strength — will ignite gold like a bottle rocket? (click here if chart is … Continue reading
Posted in Dollar, Euro, Gold
Tagged Balance Sheets, ECB, Fed, Gold, Money Printing, Quantitative Easing
Leave a comment
Euro Swan Dives Splashes Santa
This morning’s swan dive in the euro stopped the Santa rally right in its tracks. We have two questions: 1) Has the ECB shot its wad as the lender of last resort providing massive liquidity to the banking system and … Continue reading
Posted in Black Swan Watch, Equities, Euro
Tagged ECB, Euro, Mario Draghi, S&P500, Santa Claus Rally
1 Comment
The EU’s Camouflaged Bazooka?
Many were disappointed that the EU Summit didn’t conclude with a hard number backstop for the ‘zone’s sovereign debt rolling over next year. We believe if you scratch the surface the bazooka is there. The EU President, Herman Van Rompuy, … Continue reading
Posted in Black Swan Watch, Euro, Sovereign Debt, Sovereign Risk
Tagged ECB, EU Summit, Eurozone Bazooka, Italy
8 Comments
Say It Ain’t So, Mario!
Very unfortunate timing of today’s ECB meeting as Mario Draghi poured cold water on providing a backstop for the distressed Eurozone countries. It’s kind of like holding a press conference before playing a hand in a high stakes poker game. … Continue reading
Posted in Black Swan Watch, Euro, PIIGS, Politics, Sovereign Debt, Sovereign Risk
Tagged Debt Monetization, ECB, EU Summit, European Sovereign Debt Crisis
Leave a comment
Curbing Our Enthusiasm, Increasing Our Bet…
Moving closer to the EU Summit we are are curbing our enthusiasm and expectations of the substance of the deal but increasing our bet that it will be just enough to unleash the balance sheet of the ECB to backstop … Continue reading
Posted in Black Swan Watch, PIIGS, Sovereign Debt, Sovereign Risk
Tagged ECB, EU Summit, Euro, Italy, Sovereign Debt Criss
3 Comments
ECB Prepares to Cut Rates
(click here if video is not observable)
Did Expectations of Debt Monetization Cause Today’s German Bund Auction to Fail?
Let’s try this again. In our post, The Biggest Bubble in History, we tried to convey that a monetization of Europe’s sovereign debt is not equivalent to the quantitative easing that has taken place in the U.S. , Japan, and … Continue reading
Posted in Black Swan Watch, Euro, Sovereign Debt, Sovereign Risk
Tagged ECB, Euro, Monetization, Quantitative Easing
1 Comment
Draghi: Where’s the Beef?
ECB President, Mario Draghi, gave his first official speech outside the Eurozone’s central bank and asked EU policymakers “where is the implementation” of past decisions to beef up the EFSF. The ECB is in a difficult position and has to … Continue reading
Posted in Black Swan Watch, Bonds, Euro, Sovereign Debt, Sovereign Risk
Tagged ECB, European Sovereign Debt Crisis, Italy, Mario Draghi
1 Comment
The Biggest Bubble in History?
We are baffled by the analysis of the analyst community, some, of which, are not so analytical. They say that Europe’s fundamental problem is that it has a central bank which is unwilling to monetize sizeable debt maturities which bondholders … Continue reading
Daniel Gros: Italy Holds the Key to the Survival of the Euro
“For more insight euronews spoke to Daniel Gros, director of the Centre for European Policy Studies in Brussels. Mr Gros, Italy’s bond yields have reached a level that makes refinancing the country’s debt pactically impossible. What happens next? Will reform … Continue reading
Global Macro Monitor 