…think there is a reason for the originality of the Schiff-Nedici-Pomponius correlary. It is called the European Central Bank (or the Fed if Blanchard convinces the ECB). Now Euros are…

I have seen the top of the Dow Jones index as 16,800, but when the ECB loosened monetary policy to an extent never before seen last week, the Dow Jones…

…economic news only reinforces calls for the ECB to enact a European version of quantitative easing. The European GDP data have troubling implications for the larger issue of European debt….

…his pledge, and lending rates to all the Eurozone members have fallen. But it is not too difficult to imagine a scenario in which the ECB’s credibility crumbles, particularly if…

…this before (link). I also wrote in June (link) that the extra loosening of monetary policy by the ECB in Europe would be a test of the Fisher effect. Since…

…Alexis Tsipras, pledged to undo the policies of the troika. He and Finance Minister Yanis Varoufakis have been negotiating with the IMF, the ECB and the other member governments of…

…just an unavoidable part of ‘sacrifice’. But at no point was Mellon, or today the IMF or the ECB suggesting that any real burden should fall on hard working deserving…

…from the ECB, only to roll it off over the next six months or so.  Of course some of the more innovative things done then were coming out of the…

…up about 100 basis points. This isn’t a crisis yet. I recall back when Italia caught a bit of Greek contagion (before ECB president Mario Draghi said “whatever it takes”)…

…if the ECB purchases bonds issued by that country’s government. No reason is given for this assumption. Levy admits that there might not be “first order” effects, Here I think…