ECB

Although the title of this post focuses on Sweden, I intend it to mostly be a links post with various sub-themes. The idea is to share the news flow I am seeing across different countries. Since this is the first links post in a while,…

My anecdote on where we are This morning, before I left the house to take my son to school he said, "they should just close schools today. Why wait?" And so, as I took my son to school for the last time before it shuts due to the…

With the latest Fed and ECB rate policy decisions now behind us, we can start to assess what monetary policy means for the near-term future. I continue to be encouraged by near-term data flow in the US. Nothing in it reads recession.…

Understanding curve flattening Long-time readers know that I have talked for a number of years about a longer-term global convergence to zero play that I see shaping up. It first emerged during the mid-cycle slowdown in 2015 and 2016 as…

Real quick here on Europe as I promised yesterday to add some thoughts on Germany after my trip to Cologne US base rates are too high Take a look at this chart from Bianco Research. Jim Bianco describes this as showing the US having the…

By Marshall Auerback This article was originally published on AlterNet and produced by Economy for All, a project of the Independent Media Institute. We now know that there will be a changing of the guard at the European Central Bank…

ECB stimulus The biggest development today was the ECB's announcement that it is reversing its stance on stimulus and offering new bank loans: The European Central Bank signaled a major policy reversal Thursday, flagging plans for fresh…

We should look to the ECB more than the Fed now. The market has anticipated the Fed move. The ECB, SNB and BOJ moves are yet to come.

Volatility is still elevated in US equity markets. Rising real yields are the big factor there. All signs are that real yields can continue to rise. But going forward, globally, some other issues to consider are household debt and the ECB's…

The European PMIs that came out today showed an EU economy that is not just in full recovery mode, but booming. Likely the ECB will reduce its level of accommodation in line with this growth.