…does not mean that the ECB will be successful in its mission to rejuvenate the Eurozone’s economy. The ECB is taking several expansionary steps. First, it has cut the rate…

…to increase theirs. In fact, the policy wedge between the three central banks is already wide. Despite the ECB’s enacting its covered bond purchase program, the amount is small, roughly…

by Rebecca Wilder The ECB is Plugging Holes Today the ECB released its monthly data on monetary developments in the Euro area (EA), as measured by M3 and its components….

…goods prices fall in the debtor countries relative to the creditor countries; or (3) unit labor costs fall in the debtor countries relative to the creditor countries. Any combination of…

…when the Eurozone as a whole is fighting for export income. But worse yet, there’s a positive feedback loop here that will likely result in a debt deflation scenario, normally…

by Rebecca Wilder ECB Rates Policy is Clogged in Key Periphery Markets How the Euro area (EA) will grow, according to Mario Draghi: The outlook for economic activity should be…

…is noticeable that the Eurozone’s debt does not fall below it until 2018, while debt/GDP in Greece and Portugal will be in triple digits for many years. These debt levels…

…ECB hiked rates. Source data: ECB for current rate data, and an ECB structural issues report on EA housing for the variable rate shares. originally published at The Wilder View…Economonitors…

This week, the single most important event in global bond markets was the S&P downgrade of Greece’s long-term debt obligations, A- to BBB+. Moody’s is the last of the major…

…hawkish, while the ECB’s governors are signaling a possible cut in rates. Although the ECB has refrained from hiking rates at their meeting on the 1st of April a whole…