Euro Zone Today, the European Central Bank came out with its big bazooka. It announced a bigger than expected expansion of the quantitative easing and kept the Minimum Bid Rate at the current level of 0.05%. The Euro Zone Consumer Confidence came at -9, which was better than the forecast of -11 and last month’s reading of -11.…
The expansion of the quantitative easing by the ECB has put a renewed pressure of the greenback to go up. Mind you euro is the biggest component of the dollar basket and the QE has been hugely negative for the euro. When the U.S. dollar goes up then naturally the commodities priced against it will go…
For the past few days if not weeks, the global market had been abuzz with the impending QE by the European Central Bank. Some days the market was going up and other days it was going down and people were somehow blaming that on the event. People were wondering whether it will be too small, too late? Experts were…
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Noted for your morning ruminations or procrastination – take your pick. What Drives Housing Dynamics in China? Behind Drop in Oil Prices, Washington’s Hand On Smith on Rowe on Krugman on Friedman Will e-commerce make prices more flexible? What Is QE, Exactly? Draghi Is Pushing Boundaries of Euro Region with QE Program Why Falling Prices…
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