Showing posts with label European Central Bank. Show all posts
Showing posts with label European Central Bank. Show all posts
Thursday, September 14, 2023

European Central Bank hikes main interest rate to 4% with core inflation running at 5.3%

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  Story . Yeah, that'll work. Oil market reports suggesting tighter supply and higher prices through the rest of the year and beyond ha...
Wednesday, September 7, 2022

Laugh of the Day: EU inflation is knocking on the door of 10% but the ECB benchmark lending rate is set at 0%, expected puny hike by 0.75 points called a "jumbo"

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European Central Bank could unleash a jumbo rate hike as the economy slides toward recession  
Thursday, July 21, 2022

Wow, the fierce inflation fighters of the European Central Bank have raised their key interest rate to 0%!

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The ECB, the central bank of the 19 nations that share the euro currency, surprised markets by pushing its benchmark rate up by 50 basis p...
Friday, September 13, 2019

The contagion of the record low 10-year Treasury yield of July 2016 has spread to the 30-year in August 2019

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U.S. 10-Year Treasury Yield Closes at Record Low : The yield on the U.S. 10-year Treasury note settled at 1.367% Tuesday, breaching t...
Thursday, July 16, 2015

Mario Draghi: ECB is Greece's biggest depositor

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There's real power, and then there's just power Seen here this morning: "We now have a total exposure of €130bn to G...
Friday, March 29, 2013

US Bank Failures 2009-2011 See $3.92 Billion In Uninsured Deposits Lost

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Click each to enlarge. Losses from 2012 payoffs remain as yet unconcluded at the FDIC website. These things do take time. "Payoffs...
Monday, March 18, 2013

Europe: Where Your Money Has Nothing To Fear But The Bank Itself

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Sunday, March 17, 2013

The New Motto Of The European Central Bank

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"The European Central Bank, where your money has nothing to fear but the bank itself."
Friday, August 24, 2012

Mish Complains About "Useless" College Degrees, And Lousy Google Translate

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"You're umbday in any language" In ye good olde days, a college degree came with a foreign language requirement in addition to...
Friday, July 27, 2012

Ben Bernanke Sure Is Lucky

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Somehow he got the European Central Bank to commit to quantitative easing for a change instead of having to do it again himself. It buys Ben...

Famous Spaniard Threatens Leaving Euro On Wednesday, ECB Moves On Thursday

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And markets pop accordingly to finish the week, solely on a serious promise of coming central bank intervention. As reported here  on Wednes...
Friday, June 15, 2012

The ECB Is The Central Bank Of Europe In Name Only

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So Peter Morici, here : “The real problem is the European Central Bank doesn’t have the tools it needs to guarantee the solvency of these (E...
Wednesday, June 13, 2012

Global Fascism: Casually Described, Matter of Factly Accepted

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Today's must-reading comes from The Wall Street Journal, where a libertarian correctly describes the current state of affairs as a globa...
Friday, June 1, 2012

Moral Hazard In Pictures

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US Federal Reserve European Central Bank Bank of England People's Bank of China German Bundesbank Bank of Japan Banque de France Swiss N...
Tuesday, May 1, 2012

Sarkozy v. Hollande: Their Only Difference (Small) Is Height

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UMPS! As observed by a supporter of Le Pen, quoted here  in The Christian Science Monitor: In a fiery speech to thousands of supporters wavi...
Wednesday, November 30, 2011

Most American Banks Are Paying More at the Discount Window Than EU Banks For Swaps

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Swap lines for EU banks are now discounted to 0.58 percent. The European Central Bank gives us euros as collateral, and we give them dollars...

The New Global Fascist Order Slashes Dollar Borrowing Costs, But Not For You

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It's not fascism when WE do it. As reported here : The U.S. Federal Reserve slashed the cost of emergency dollar loans to foreign banks ...
Sunday, September 25, 2011

France Blows Smoke Up The World's Ass: French Banks Have No Toxic Assets!

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HaHaHaHaHa! That's the lie of the decade, at the very least, betrayed by just one phrase: loans to Greece Italy. From Bloomberg.com her...