2014

This is a brief update to my last member post from this morning. Just reviewing what the ECB has done here, we see them taking four out of the five easing measures I outlined in May. The ECB could lower rates. Check The ECB could allow…

Summary The ECB did the expected this morning and lowered interest rates enough to send bank deposit rates at the ECB into negative territory. The ECB also met market expectations with an additional easing measure by implementing an LTRO…

U.S. Jobless Claims Up, But Still Near 7-Year Low - WSJ Rousseff Says Brazil Has No Fiscal Room to Further Reduce Taxes - Bloomberg Sprint, T-Mobile Move Closer to a $32 Billion Merger - WSJ Donald Sterling Agrees to Sale of NBA…

Yesterday and today, the German newspaper Frankfurter Allgemeine Zeitung had interesting articles on the ECB’s dilemma from a German perspective. I want to use these as a jumping off point for a discussion about Europe. The question is how…

Intel aims to eliminate all PC cables in 2016 - CNET Google Now Offers End-to-End Encryption on Email SwiftKey, Swype Already Working on iOS Keyboard Apps | Re/code Apple’s HomeKit will help Apple users command their smart home (with…

By Markus K Brunnermeier and Yuliy Sannikov This post originally appeared on Vox and represents what this site believes is a very likely action the ECB could take for monetary easing later this week. Eurozone monetary policy transmission…

Today’s post is a potpourri of events I am seeing from around the world that impinge on macro. Europe. As expected, European consumer price inflation came in at 0.5% following the unexpected dip in German inflation. I believe the ECB will…

Europe remains a jobless swamp, despite the Spanish miracle – Telegraph Blogs Lehman Lesson Lost as Bank Lobby Gains Clout, Swedish Leader Says - Bloomberg Australian House Prices Take a Breather - Real Time Economics - WSJ ECB Officials…

The European data out today were not particularly good. We saw a deceleration in the eurozone economy, that when combined with the deceleration in German inflation, suggests that deflationary forces could still threaten a debt deflationary…

Spain aims to boost recovery with €6.3bn stimulus package - FT.com ekathimerini.com | Greek PMI at 51 points in May as eurozone manufacturing slows 'I gave up on looking for a real job' - What rebound? 'I got left behind' - CNNMoney…