ecb

2 April 2020

AFS Morning Comment April 2 2020

The central bank that can’t shoot straight is an apt description for the ECB. Yes, the ECB’s easing appears to be massive at first sight (look! 1.1 trillion euros in QE this year!) But easing…

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AFS

27 March 2020

AFS Morning Comment March 27 2020

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…

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ecb

26 March 2020

AFS Morning Comment March 26 2020

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…

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ecb

2 March 2020

AFS Morning Comment March 2 2020

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…

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