What could go wrong?
Category: ECB
It’s ‘Eerie’: One Bank Asks Whether Europe Is Now Japan
Is the die cast?
If ‘It Sounds, Looks And Smells Like Debt Monetization’, It’s A Duck.
“… and most likely permanently.”
From Frankfurt To Tokyo To Sydney, Doves On Parade
Suffice to say the dovish pivot from global central banks appears to have wings
Chasing The Dragon: A ‘Blink For The Ages’
An “epic” reversal and the limits of “string pushing.”
The Central Bank Put Is Still There, But ‘Politicians’ Implied Vol.’ Has Exploded
“Have central banks blinked? We think so”…
‘We Feel The Need To Shout About This Risk Even Louder’: Angels In Europe
Fallen angel risk, European style.
Obligatory ECB Post Alert: Draghi Postmortem
Same story: stark juxtaposition between crashing data and the end of APP.
Going ‘Ex Liquidity’ And A Macabre Celebration At TINA’s Funeral
“…cash ’embarrassed’ so many asset classes in 2018.”
It Was All A Dream…
Oh, the irony…
ECB Ends QE And, Critically, Enhances Forward Guidance Around Reinvestments
“…for an extended period of time past the date when it starts raising the key ECB interest rates.”
The Best-Laid Plans: Full Week Ahead Preview
“…often go awry.”
ECB Keeps Policy Unchanged, But All Eyes Are On Draghi Amid Italy Jitters, Global Selloff
Now we’ll wait on the press conference.
Drivers Wanted: Full Week Ahead Preview
Pick a catalyst, any catalyst.
Ruh-Roh! ECB Won’t Rescue Italy, May Force Populists Into E.U. Bailout
“No soup for you.”
ECB Sticks With ‘At Least Through Summer 2019’ Rates Guidance
It’s all fun and games unless Italy blows up the budget.
Dodging Bullets: Full Week Ahead Preview
Around the world in 2,100 words.
Bad Italian.
“[We will] try to respect all the hurdles Europe imposes, but the well-being of Italian citizens comes first.”
R.I.P. Irony: Italy Will Ask ECB To Create New QE Program In Anticipation Of E.U. Budget Fight
“If the ECB covers you, markets can’t speculate because they don’t make money.”
Pondering ‘The End Of Synchronized Everything’
And at the heart of it all…
‘Liquidity Vanishes’ Is The New ‘Too Much Liquidity’
“It’s not trade wars or an equity market correction that look to be keeping credit investors up at night”…
‘After A Decade’: With Central Banks At The Crossroads, A Look Back And Ahead
“Two roads diverged in a yellow wood.”
ECB Leaves It All Unchanged As Market Looks For Clues On What The Word ‘Summer’ Means
“It depends on what the meaning of the word ‘ is’ is.
‘The Fed Is Destroying Money’: Revisiting The ‘Flow’ Versus ‘Stock’ Debate At A Critical Juncture
It’s the flow that counts. Never forget that.
The ECB Needs You To Know They Are A Flexible Body Capable Of Servicing Your Needs In Creative Ways
“…communication had to strike a careful balance between anticipating a termination of net asset purchases by the end of December 2018 and highlighting the continued commitment to providing sufficient monetary stimulus for as long as necessary.”
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