by WARREN MOSLER Looks like there was a drop in employment growth by firms with under 50 employees: ‘Last hire first fired’ has made this a leading indicator in prior
by Martin Armstrong I cannot stress enough that Mario Draghi has really destroyed the European economy on an unprecedented scale. I know people who worked on trading desks years
by Shaun Richards As we travel the journey that is the credit crunch era we pick up some tasty morsels of knowledge along the way. Some were provided by Mario
via fxstreet: Below are some key highlights from the introductory statement delivered by Mario Draghi, President of the ECB, at the ECON committee of the European Parliament, Brussels, 26 November 2018. The data
by Shaun Richards After a week where the UK has dominated the headlines it is time to switch to the Euro area. This is for two reasons. We receive the
by John Ward As bond rates widen between Berlin and Rome, ECB boss Mario Draghi faces a damned-if-you-do-or-don’t moment. Either he reverses direction on the QE wind-down, or he offers the
by Martin Armstrong Mario Draghi said the euro-area economy is strong enough to overcome increased risk, and therefore this justifies the European Central Bank’s decision to end bond purchases bringing
via hedgeye: The Big Three Central Banks, U.S., Japan, and ECB are running out of time trying to hide the fact that they’re imploding in front of our eyes. It
by Martin Armstrong COMMENT: You were here in Brussels a few weeks ago. Suddenly, the ECB is talking about the need to merge the debts to prevent a crisis. So your
by Martin Armstrong QUESTION: Why are long-term yields on risky European debt below that of US Treasuries? Is this the European bubble madness? HN, Frankfurt ANSWER: This is unquestionably a bubble, but
by Martin Armstrong Draghi has realized that he has singlehandedly destroyed the European bond market. Besides the fact that it is illegal to short government bonds, he has come face
A private club for central bankers, regulators, and bankers. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. On Wednesday, ECB President Mario Draghi suffered the rare ignominy of being
by Martin Armstrong For the first time, the head of the European Central Bank, Mario Draghi, has conceded the possibility that the EU may fall apart. Draghi came out and