Relax, it’s contained…

Francois Hollande seems concerned about the consequences of #Grexit. Merkel reassures him
Otro rescate camuflado de la banca

El BCE comprará la deuda pública que tengan los bancos, no directamente a los estados. ¿Quién saca tajada?
El BCE comprará la deuda pública que tengan los bancos, no directamente a los estados. ¿Quién saca tajada?
From Newton to Bohr, Kasparov to Big Blue & from Keynes to No One

Too much faith is being placed in untested economic theories that may or may not work, or may or may not even be correct
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.
Now What?

The catalyst for any retracement is likely QE off the table in the U.S., political rhetoric, or Rajoy screwing things up in Europe.
Draghi Acts: Is It Inflationary?

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

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