The ECB's liquidity operations have arrived in size before some of the laggy data shows there's a problem!
ECB and Euro Area Economy Monitor
ECB and Euro Area Economy Monitor
Thursday, April 30, 2020
We're going to have to come up with another word than "recovery." How about "train wreck"?
ECB and Euro Area Economy Monitor
Thursday, March 12, 2020
Euro area inflation expectations fall to a new all-time low, way worse than when Draghi said "Whatever it takes."
ECB and Euro Area Economy Monitor
Thursday, January 23, 2020
German stocks make all-time highs. Funny how the EU macro data never gets any better.
ECB and Euro Area Economy Monitor
Thursday, December 12, 2019
Euro QE restarts, and suddenly long-term yields aren't quite so negative.
ECB and Euro Area Economy Monitor
Thursday, October 24, 2019
Other than crashing inflation expectations, the data wouldn't seem to justify the negative bond yields.
ECB and Euro Area Economy Monitor
Thursday, September 12, 2019
What's all the easing about? By the numbers, Europe is no worse than usual.