‘Two More Steinhoffs’: The ECB Has A €250 Million Problem On Its Hands
There’s good news and bad news. Which do you want first?
There’s good news and bad news. Which do you want first?
Is this a sign of things to come?
“It is not unusual that losses may be happening.”
“Challenging market conditions.”
It’s “barely started”.
“It’s not trade wars or an equity market correction that look to be keeping credit investors up at night”…
“… it fills us with a lot of fear [and] not just because many central banks would be relatively constrained in their ability to cut rates after their big post-GFC easing.”
Imagine a world without QE…
“This seemingly counterintuitive result has a distinct ‘path-dependent’ flavor.”
What happens to the zombies (so to speak)?
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