Europe’s Woes Worsen On Eve Of Mammoth ECB Hike
The economic outlook for Europe continued to darken early this month, according to preliminary readings
The economic outlook for Europe continued to darken early this month, according to preliminary readings
War is hell. Elements within the Ukrainian government might’ve been responsible for the August 20
Let me state this clearly: I have no desire to waste my time or yours
I hesitate to give more airplay to the Credit Suisse “story.” Over the weekend, finance-focused
In news that’s every bit as disconcerting as it is unsurprising, inflation in the eurozone
Markets can look forward to incessant Fed banter in the new week. And I do
How many times have I talked about a “breaking point” for markets in September? A
Considering markets as we’ve come to know them over the past decade (or three) were
Despite fundamental indicators strongly pointing to an economic slowdown, that’s in the foggy future, while
Liz Truss, political shape-shifter extraordinaire, morphed into UK prime minister on Monday, as expected. Her
A fixture of the pandemic-era, wartime inflation debate is the (largely self-evident) contention that central
It’s not a stretch (at all) to suggest Europe is currently facing the most onerous
“If there is trust, trade works. If trust is gone, it doesn’t.” So said Zoltan
The European economy is in trouble. I doubt that’s news to anyone. But it was
At a certain point, you run out of creative hyperbole. Such is the case with
Not all bears are alike. Take the American black bear, for example. They’re typically shy,
US mortgage rates fell below 5% for the first time since April last week, but
Real-time Fed tasseography is a very difficult undertaking. Almost as a rule, asset prices aren’t
2022 will remembered for a lot things, most of them bad, or at least if
Christopher Waller wasn’t prepared to unequivocally endorse a 100bps rate hike at this month’s FOMC
“Obviously unsustainable.” That’s how one market participants described the dynamic whereby purported savings “buffers” and
The world’s most powerful central bankers traveled to Portugal this week for the ECB’s annual
America is experiencing an acute crisis of confidence. As discussed here at some length last
There’s no shortage of debate around the relative wisdom of deploying draconian rate hikes to
The ECB is in a real bind. European economic activity decelerated markedly in June, PMIs
Germany’s energy crisis heated up on Thursday, when Economy Minister Robert Habeck raised the country’s
If you had “SNB hike” on your bingo card this week, congratulations. The Swiss National
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