A seeming peculiar development is the rise in Eurozone money market rates despite the ECB having started to massively expand its balance sheet. As a reminder, the bank is scheduled to buy another 1.1 trillion…
When former ECB President Draghi comes out of hibernation and calls for a debt jubilee, things are truly in dire straits. We just want to share these three quotes from the Financial Times article with…
The Coronavirus spreading globally and the shutdown of large swathes of the economy will result in a sharp decline in Euro Area output and an equally sharp increase in debt levels. That’s because governments are…
In the final year of former President Draghi’s term, the ECB started giving up on pursuing macro-economic stabilization. The unwillingness to keep nominal growth on track at a stable trend pace, which has worsened under…
According to official Chinese PMIs released over the weekend, the Chinese economy has taken bigger hit from the Coronavirus then it did during the 2008 financial crisis. The world’s second biggest economy came near a…
Global preparations for a Corona pandemic have resulted in the proverbial market crash, with equities globally in correction territory and bond yields plunging to multi-year or even all-time lows as recession risks are on the…
