Europe's Fake Quake
It's all over but the shouting -- because that's all that happens in the EU Parliament.
It's all over but the shouting -- because that's all that happens in the EU Parliament.
In the ECB's quixotic quest for inflation, ABS purchases are more likely than negative rates.
Draghi begs the question: how many pea-shooters does it take to make one bazooka?
Meet the new cyclicality. 76 months to create 98 thousand jobs for 15 million new workers.
Where yields have to go down to go up, and inflation is above 2% so prices can be stable.
High oil prices are the hidden hand behind slow growth -- and the risk is going up.
So many new policies, so few results -- and asset purchases are pushed far into the future.
Mid-cycle? Five years into a sluggish expansion, the labor market is at its strongest so far.
Short-term unemployment has all but vanished -- long-term is on the way down now, too.
Putin likes looking evil, but not stupid. The tragedy will likely cool things down in Ukraine.