Evidence says the ECB is overreacting
…see that one of my favorite blogs, the Eurointelligence blog, interprets the policy response as warranted in the face of an ‘overheating’ export sector. From Eurointelligence: (It is our interpretation…
…see that one of my favorite blogs, the Eurointelligence blog, interprets the policy response as warranted in the face of an ‘overheating’ export sector. From Eurointelligence: (It is our interpretation…
Morning AB link: Marshall Auerback on BNN: (click on picture for video link; it takes a bit to load)…
…deficits; rising debt; rising debt service (via surging credit spreads). Sovereign default seems like a near-certainty somewhere in the Eurozone! This article is crossposted at News N Economics Rebecca Wilder…
…worry about credit risk. So for the bond market to be a “bubble” investors would have to start thinking they can make unusually large capital gains in the bond market….
The gents at Capital Gains and Games—and soon, likely, the ma’am at EconMom—are in the throes of ecstasy (not necessarily the drug). There are “bond vigilantes” on the horizon. Stan…
…make a few comments about bond yields. In an open economy with a current account deficit the equilibrium interest rate is the one that attracts sufficient foreign capital to finance…
…their summary from the live blog: Here’s Lyle again. The third and final opinion is Bond v. US. The decision holds that Section 229 does not reach Bond’s simple assault….
…the rating. Norway prints its own currency, in which most of its bonds are denominated. However, it will never be a ‘safe asset’. The bond market is just not capable…
…currency debt by Fitch and S&P (BB+ on its foreign currency debt). The local currency debt in Egypt is at the lowest of the investment-grade ratings, while on January 20,…
Evidence of Hampered Monetary Policy Transmission Channel in the Euro Area by Rebecca Wilder Mario Draghi cautioned on the ‘hampered’ transmission channel of monetary policy in his now famous London…