Eurozone

Tyler Durden's picture

The Printing Press: A Great Way To Fool People





"The reason that we’re still here, when we really should have fallen apart based on how much debt there was out there, and various other measures of instability, is that a printing press has turned out to be a great tool for fooling people...but in the longer term gold is a beneficiary of the instability that necessarily flows from borrowing too much money"

 
Tyler Durden's picture

Mitt Romney Is The Real Super-Fraud: Here's The Proof, Chapter And Verse





"...the GOP establishment’s putative “jobs” candidate from 2012 was never really a businessman at all. Willard M. Romney is no expert on shiny things on a hill. The country would be far better served if he would get his dimming light back under a bushel where it belongs."

 
Tyler Durden's picture

Frontrunning: March 3





  • Global stocks, oil dip, but markets calm down as growth fears ease (Reuters)
  • Greece cannot carry migrant burden on its own: PM Tsipras (Reuters)
  • New Migrant Crisis Flares in Greece (WSJ)
  • Qatar's BeIn Media buys U.S. film studio Miramax (Reuters)
  • Nanny who beheaded Russian girl cites revenge for Putin's Syria strikes (Reuters)
 
Tyler Durden's picture

Striking Admission By Former Bank Of England Head: The European Depression Was A "Deliberate" Act





While warnings by former central bankers who are more responsible about the current global mess sound as nothing but revisionist bullshit. And yet, it was what King said today at the launch of his new book that left us surprised.As the Telegraph reports today, according to the former head of the Bank of England Europe's economic depression "is the result of "deliberate" policy choices made by EU elites.

 
GoldCore's picture

Bail-In Regulation To Blame For “Bank Turmoil” In EU?





The Financial Times recently looked at how the new bail-in resolutions in the EU, U.S. and most of the western world and asked whether they may be leading to "bank turmoil" and increased concerns about banks and the banking sector in the EU. As is typically the case with coverage of the bail-in regime, the important article was little noticed.

 
Tyler Durden's picture

Furious Rally Fizzles Overnight As Futures Follow Oil Lower





Following yesterday's torrid 2.4% March opening rally, which resulted in the biggest S&P gain since January and the best first day of March in history on what was initially seen as very bad news, and then reinterpreted as great news, overnight futures have taken a breather, and erased a modest overnight continuation rally to track the price of oil lower.

 
Tyler Durden's picture

"Iron Lady" Summarizes Brexit Decision In 3 Words





In 1990, British Prime Minister Margaret Thatcher exclaimed her opposition the common currency and European integration very simply: "No! No! No!" Perhaps it is time to revisit her thoughts as Britain considers leaving The EU.

 
GoldCore's picture

Gold Up 10% In February – Up 17% So Far In 2016





Comparatively, the S&P 500 index is down 4.7% this year, the Dow Jones Industrial Average is down 4.5% and the NASDAQ is down 7.8%. International indices have also seen losses with the FTSE down 2.6%, the DAX down 10.7% and the Nikkei down 13.7% (see table below).

 
RANSquawk Video's picture

RANsquawk Week Ahead - 29th Feb 2016





 

* US nonfarm payrolls report is the notable highlight out of the US this week, with Chicago PMI, ISM Manufacturing and non-Manufacturing data also scheduled for release.

* Focus may fall on China once again, with the Manufacturing PMI data coming in tandem with the latest NPC meeting.

 
Tyler Durden's picture

After €670 Billion In QE, European Inflation Plunges To -0.2%: Lowest In One Year





A little under one year after the ECB launched its own QE of €60 Billion/month in bond purchases in early March 2015, a process which has resulted in the ECB monetizing over €670 billion in European - mostly German - sovereign paper, moments ago Eurostat reported European February inflation (even though the month is not over yet), and it was a shock, with headline inflation tumbling form +0.3% Y/Y in January to a depressing -0.2% in February, the worst print since January 2015. It was expected to drop to "only" 0.0%.

 
Tyler Durden's picture

The Central Bankers' Greatest Blunder Yet: Negative Rates = Deleveraging





In a world which has long since crossed the monetary twilight zone of negative rates, and which is spiraling ever deeper into NIRP, below we present some quite fascinating observations on debt, NIRP and how the latter leads to the deleveraging of the former, and thus encourages global deflation - something which in retrospect will be (and in many cases already has been) seen as a central bank fatal flaw, and confirmation said central bankers have zero understanding of the process they have unleashed.

 
Tyler Durden's picture

The G-20 Meeting Was A Big Disappointment: What Happens Next





It is now all up to the ECB: "If they lowball or grudgingly meet expectations, we could face another December 4 move because market participants will see it as the equivalent of a ‘last ease in the cycle announcement’, basically ECB throwing in the towel. If they move aggressively they will catch market off guard and unwind the view that policymakers see themselves as powerless."

 
Tyler Durden's picture

About That $1 Trillion In Distressed Credit: UBS Responds To Wall Street's Shock





UBS' recent bearish assessment of the junk bond space led to a firestorm of protests from Wall Street asset managers for whom just the selloff in itself had become a catalyst to buy. So, to clear up any confusion, here is Matthew Mish responding to the barrage of angry bulls why the $1 trillion in distressed credit - a third of the entire universe - is not just an energy story, and responding to the five most important and recurring questions

 
Tyler Durden's picture

HSBC Looks At "Life Below Zero," Says "Helicopter Money" May Be The Only Savior





"If central banks do not achieve their medium-term inflation targets through NIRP, they may have to adopt other policy measures: looser fiscal policy and even helicopter money are possible in scenarios beyond QE and negative rates.

 
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