Oil’s Bull Market in a Month
It turns out that everything the oil market thought it knew was wrong.
DisTrumption: What I Saw In Chicago
It was carefully staged, based on a stable game-theoretic position that works for all sides.
On the March ECB Policy Decision
Is an easier ECB what the euro area needs? Even Draghi doesn’t really believe that.
Euro Area Recovery Monitor - 2016-03-10
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Donald Trump’s Presidential Run Began in an Effort to Gain Stature
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Obama's Job Approval at Highest Level Since May 2013
Why The Euro Is On Such A Wild Surge Today
We chatted with analyst Lorcan Roche Kelly of Trend Macrolytics to get his take.
Well the big picture is that the ECB is the only central bank that's acting relatively "tight" right now. The Fed will be on hold for awhile. Japan is doing new easing. The Bank of England is likely to do more under Mark Carney. You get the picture.
ECB Said to Be Ready for New Honohan Pitch on Anglo
The government and Honohan need to find a way to restructure the notes in a way that leaves the net impact on the money supply at zero. Otherwise Ireland's central bank could be accused of printing money, a policy opposed by the ECB.
A central bank commitment to hold Irish government bonds for 15 years "in this case would be for fiscal policy reasons, which makes it monetary financing, which is a no-no," said Lorcan Roche Kelly, chief Europe strategist at Trend Macrolytics LLC.