Keith Weiner

A Monetary Cancer Metastasizes in Europe

A Monetary Cancer Metastasizes in Europe

The right approach to understanding what’s happening in the euro begins with the observation that a paper currency like the euro is a closed loop system.

 Dickson Buchanan, Jr.

The Euro Goes Negative

The Euro Goes Negative

It’s not a fiscal cliff we are going over, it’s a money cliff.

 Deutsche Bank Research

The ECB is “frustrated” and conventional

The ECB is “frustrated” and conventional

The ECB cannot do the governments’ jobs.

 John Browne

Gentlemen, Start Your Presses

Gentlemen, Start Your Presses

The age of truly easy money may be just getting started.

 John Browne

Gold Glitters

Gold Glitters

The biggest winners thus far that may have resulted from the newly communicated intentions from central banks are not the euro or the broad stock markets, but rather gold and gold-related investments.

 Deutsche Bank Research

ECB – on the slippery slope

ECB – on the slippery slope

The ECB is now on a slippery slope from which it may have difficulty extricating itself, especially if the ECB balance sheet swells substantially due to OMT.

 Jeff Harding

Draghi Acts: Is It Inflationary?

Draghi Acts: Is It Inflationary?

Despite the overwhelming evidence that money printing doesn’t work, the Eurozone overlords will to do it anyway.

 John Browne

September 12th Looms Large for Germany

September 12th Looms Large for Germany

In the past, the German Constitutional Court has not shown itself to be a political pushover.

 Deutsche Bank Research

ECB: The final countdown?

ECB: The final countdown?

Will the ECB stop buying as conditions have not been met or will it justify further purchases since the market demands higher premia, because of increased – but intolerable – convertibility risk?

 Deutsche Bank Research

ECB – Deflating exaggerated expectations

ECB – Deflating exaggerated expectations

Even if the ECB joins forces with the EFSF/ESM in buying government bonds its mandate, with price stability as the primary objective, will ultimately put a lid on the size of its interventions.

 John Browne

Promises, Promises

Promises, Promises

Draghi and Bernanke know that markets need to be talked up, and they continue to do so unapologetically.

 Peter Tchir

I think you can consider Spain shut out of the debt markets

I think you can consider Spain shut out of the debt markets

I wouldn’t trust anything now until they have a program in place with the ECB.