Spreading the truth. Empowering the people.
By David Stockman The situation, to put it mildly, has gone from bad to worse. Even when the numbers tick up, they do so by the smallest margin. Mainstream reports, … Read more
Draghi faced unprecedented #ECB revolt as German, French, Dutch governors resisted QE. Those 3 governors alone represent half of Eurozone GDP. Other dissenters incl governors from Austria, Estonia, as well … Read more
Bitter irony: As Draghi’s term is about to end, investor expectations plunge to where they’d been when he made his “whatever it takes” speech in 2012. By Nick Corbishley, for WOLF STREET: … Read more
by Martin Armstrong Christine Lagarde will replace Mario Draghi come the end of his term. Of course, the IMF has not been entirely supportive of Draghi’s policies. But she is … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Draghi’s shenanigans get hilarious, months before his term ends. So here’s ECB President Mario Draghi, whose term ends in October, and he’s at the ECB Forum … Read more
Draghi Unleashes Global Chaos With Preview Of More Stimulus, Prompts Angry Response From Trump www.zerohedge.com/news/2019-06-1…onse-trump In Unprecedented Attack, Trump Accuses Draghi Of Manipulating Euro Update: Trump isn’t letting this go, … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more