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Mario Draghi

Hiding in Plain Sight: Janet Yellen's Policies Should Make Her Ashamed

Sue Veres Royal | Posted 09.29.2016 | Impact
Sue Veres Royal

Simply put, the Fed pulled off a magic trick that would leave Houdini gasping. Janet Yellen and the Fed took the made-up money and bought Wall Street assets that would have otherwise crashed and gave money to Wall Street banks that would have otherwise gone bankrupt...with no strings attached.

Faltering Thursday - Draghi's Brexit Fears Push EuroStoxx Back Below 3,000

Phil Davis | Posted 06.09.2016 | Business
Phil Davis

Things are turning ugly again. We are now officially short on the market and just in time, it seems as the EuroStoxx index is down 0.666% for the ...

Wash, Rinse and Repeat Wednesday - Shorting at S&P 2,100 Again

Phil Davis | Posted 04.20.2016 | Business
Phil Davis

If they are going to keep giving us set-ups, we'll keep making money. Yesterday, I don't think I could have been more clear than to headline our...

Federally Fueled Thursday -- Rally Almost Out of Gas

Phil Davis | Posted 03.31.2016 | Business
Phil Davis

Over in Asia, stocks are headed for their biggest monthly gain since October as our own Federal Reserve Chairwoman has indicated she is in no hurry to lift U.S. interest rates either and, of course, the FREE MONEY continues to flow in Japan and China - what could possibly go wrong?

Europe, Japan and the Fallacy of Negative Interest Rates

Richard Finger | Posted 03.11.2016 | Politics
Richard Finger

Working too many hours in a light deprived office painted mental hospital beige can skew the judgement for even the most talented. Econometric forecas...

BREXIT - Can the UK Escape the Clutches of Goldman Sachs?

Phil Davis | Posted 03.10.2016 | Business
Phil Davis

The MSM isn't allowed to frame it this way, but these are the battle lines. What's really going on in the EU is what's going on all over the Wor...

The ECB Should Not Purchase Italian Nonperforming Loans

Georges Ugeux | Posted 02.17.2017 | World
Georges Ugeux

The ECB has no place and no legal right to purchase such assets. For the Italian Treasury to negotiate with the ECB is equivalent to negotiating with itself. Mario Draghi did run the Tesoro for many years. The Governance of the ECB is increasingly questionable.

Will Italy Prompt a Global Financial Crisis?

Georges Ugeux | Posted 02.09.2017 | Business
Georges Ugeux

The current situation is definitely not pretty. In the turmoil that affects equity markets, banks seem to be taking center stage. Among them, Italian banks have become the center of attention.

Thursday Fervor -- Draghi Catches the Markets as They Fall

Phil Davis | Posted 01.21.2017 | Business
Phil Davis

So the Nasdaq and the S&P are the only major indexes not to have gone negative (so far) but both are on the edge and, if they fail to hold their Must Hold lines - there's no reason to think they aren't going to join their brother indexes in stock market Hell.

How Are Fantasy Sports Like Our Fantasy Stock Markets?

Phil Davis | Posted 11.25.2016 | Business
Phil Davis

The difference is the stock market is a scam that has gone on for so long that no one dares to do anything about it. In reality, stock certificates are nothing more than another form of fiat currency that have been printed by our Corporate Masters which we, in turn, barter and trade for without putting any real thought into what they are actually worth.

An End To Austerity?

Harlan Green | Posted 11.09.2016 | Business
Harlan Green

The result of such austerity policies has been lost output and overall wealth that several economists say could last for years--and may even be permanent--hurting both jobs and economic output.

Draghi Fever Thursday - Are You Fed Up with the BS Yet?

Phil Davis | Posted 10.22.2016 | Business
Phil Davis

I've got Draghi fever, she's got Draghi feverWe've got Draghi fever, we're in debtShe's gone Dollar crazy, I've gone Euro hazy Are we still taking...

Italy Proposes Sharing Unemployment Insurance Across Europe

Marco Valerio Lo Prete | Posted 06.10.2016 | World
Marco Valerio Lo Prete

ROME -- The Italian government is proposing a new form of "risk sharing" in the eurozone. A European Unemployment Insurance scheme is an innovative form of "risk sharing" that can be supported by both progressive liberals and pro-market conservatives throughout Europe.

Protesters, Police Clash Near ECB In Frankfurt

Reuters | John O'Donnell and Paul Carrel | Posted 05.17.2015 | World

By John O'Donnell and Frank Siebelt FRANKFURT, March 18 (Reuters) - Anti-capitalist protesters clashed with riot police near the new h...

CNBC, The Lame Duck Network: Shilling For Short Sellers and Hating Obama Are Not Enough Anymore

Terry Connelly | Posted 03.16.2015 | Business
Terry Connelly

CNBC should be asking itself why on earth it continues to show such favoritism for the views of market pessimists and short sellers -- indeed, even facilitating such traders profit strategies -- at the expense of their retail TV audience.

Monetary Union Works Because Europe Is Already Integrated

Mario Draghi | Posted 03.10.2015 | World
Mario Draghi

There is a common misconception that the euro area is a monetary union without a political union. But this reflects a deep misunderstanding of what monetary union means. Monetary union is possible only because of the substantial integration already achieved among European Union countries -- and sharing a single currency deepens that integration. If European monetary union has proved more resilient than many thought, it is only because those who doubted it misjudged this political dimension.

Ben Walsh

Tim Geithner: The 3 Words That Saved The Euro Were Ad-Libbed | Ben Walsh | Posted 11.13.2014 | Business


Draghi's Desperation

Milton Ezrati | Posted 11.30.2014 | World
Milton Ezrati

The European Central Bank (ECB) faces a desperate situation. Remarkably low inflation is stealing its ability to ease the euro zone's fiscal-financial strains and, consequently, its ability to buy time for the zone's governments to implement desperately needed budgetary and economic reforms.

Unanswered Questions for a Consequential Autumn

Terry Connelly | Posted 11.26.2014 | Business
Terry Connelly

In the American democracy we have collectively (or by passive default) chosen to have at the moment, to serve and assuage our divergent biases, the question is whether a governing plurality, as Jack Nicholson said, is "as good as it gets."

If 2 Percent Is the New 4 Percent, Where Would the Economy Go From There? Let's Think It Uber!

Terry Connelly | Posted 08.12.2014 | Business
Terry Connelly

Renting a house, snagging a ride on your smartphone, and de-leveraging your balance sheets would truly be a new American way, with tremendous implications for policymakers including the Fed if a geopolitical or natural disaster hit and it was stuck at an already low interest rate.

What Is Draghi Waiting For?

Pablo Zalba | Posted 06.16.2014 | World
Pablo Zalba

Since interest rates are already at record low, all expect the ECB to announce unconventional measures like the American style QE, which could increase inflation and give a small boost to the economy.

Europe's Incomplete One-Year Anniversary

Mohamed A. El-Erian | Posted 09.25.2013 | Business
Mohamed A. El-Erian

I was in the audience exactly a year ago when Mario Draghi, the well-respected president of the European Central Bank (ECB), made his now-famous "whatever it takes" remarks. Twelve months later, this stands out as the boldest and most successful initiative in the history of modern central banking. Yet the durability of the benefits is undermined by Europe's frustratingly slow progress in getting to grips with its growth and employment deficits. In celebrating the one-year anniversary, the West would be well advised to also think in terms of foregone opportunities. And we should constantly remember the millions of unemployed, the alarmingly high joblessness among the young, the struggles that too many face in securing their families wellbeing, and the growing number of retirees that are legitimately worried about their pensions.

Beyond the Eurocrisis: Is More Democratic Governance the Solution for Europe?

Luka Orešković | Posted 07.22.2013 | Politics
Luka Orešković

If invested with popular legitimacy, Europe's success will depend on balancing it with long-term focused meritocratic governance and avoiding capture by short-term and particular special interests. A middle Way between West and East is indeed necessary.

Mark Gongloff

ECB Rate Cut Is Too Little, Too Late | Mark Gongloff | Posted 05.02.2013 | Business

European policy makers have rushed to the aid of their lifeless economy, cutting interest rates and promising that more help is on the way. Too bad th...

Implications of Europe's Stumble in Cyprus

Daniel Wagner | Posted 05.19.2013 | Business
Daniel Wagner

Cyprus has, for the first time, demonstrated there is in fact a limit to what northern European countries will do to preserve the illusion that Euro land can remain a cohesive and equal entity.