• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

Previewing The ECB's Interest Rate Decision

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Thu, 11/03/2011 - 07:38 | 1840133 misterc
misterc's picture

Draghi hit will the gas and the break at the same time, raising 0.25% and still keep up bond purchases. The raise will be good for keeping the stability dreamers (Germany) calm.

Thu, 11/03/2011 - 07:44 | 1840143 paarsons
paarsons's picture

Good Citizens of Metropolis!

We're completely fucked till we flush out all this debt.

We're sitting on 600 trillion dollars of derivatives.

Those aren't my numbers.  They come from Gary Gensler.

We are fucked with a capital F.

God bless you and keep you.

http://fucklloydblankfein.blogspot.com

Thu, 11/03/2011 - 07:58 | 1840199 CPL
CPL's picture

It's actually 1.4 Quadrillion.  600 Trillion is a number from 4 years ago.

 

Canada unfortunately has been very bad with derivatives.

Thu, 11/03/2011 - 07:56 | 1840193 CPL
CPL's picture

It needs to go up to 25% now with the length of time the rates have been kept low, nearly 11 years of "free" money.

 

Not 0.25%

 

If Keynsians don't like the reality of their philosophy that means none of this means a damn thing.

Thu, 11/03/2011 - 07:39 | 1840136 Sequitur
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Nigel: EU is finished, US just as bad. http://www.youtube.com/watch?v=TtQHUuS-ZK8&feature=related

Thu, 11/03/2011 - 07:39 | 1840138 disabledvet
disabledvet's picture

"does nothing." move along. this is all about "threats and contretemps" now.

Thu, 11/03/2011 - 07:41 | 1840139 lapedochild
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"As such, it looks more likely that the ECB will remain committed to further purchases of various EU bonds via the SMP program until lawmakers in Europe agree on finer details regarding the implementation of the recently proposed leveraged EFSF."

 

Stalling the EFSF will have ECB buy till the end of time... very cleaver. What SHOULD happen is that the money that was alread pledged be used to buy bonds. Then whatever is left can be levered up 4x times.

Thu, 11/03/2011 - 07:43 | 1840141 Sequitur
Sequitur's picture

EU destruction is at hand. Nigel RIPS EU president a new one: http://www.youtube.com/watch?v=ViPm0GUxw-M&feature=related

"We don't know you, we don't want you . . . ."

Thu, 11/03/2011 - 07:45 | 1840151 AngryGerman
AngryGerman's picture

It does not matter anyway. Why even bother watching.

Next thing is to cancel all election until further notice...

Thu, 11/03/2011 - 07:54 | 1840187 CPL
CPL's picture

That's already been done.  All most people have been doing is picking brands.

Thu, 11/03/2011 - 08:14 | 1840264 Schmuck Raker
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<== Rate unchanged

<== Rate lowered

 

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