eonia

Some Brief European Leftovers

By |2019-08-14T17:42:17-04:00August 14th, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Some further odds and ends of European data. Beginning with Continent-wide Industrial Production. Germany is leading the system lower, but it’s not all just Germany. And though manufacturing and trade are thought of as secondary issues in today’s services economies, the GDP estimates appear to confirm trade in goods as still an important condition and [...]

Europe Promises More ‘Stimulus’ Seven Years After Draghi’s Promise For ‘Stimulus’

By |2019-07-25T17:50:28-04:00July 25th, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

It is ironic that the setting for his speech was London. The UK, of course, never gave up the pound in favor of adopting the euro. Still, as the years drag on the biggest menace to Europe’s common currency isn’t a profligate Greek government nor the unfavorable productivity of Club Med. The euro may not [...]

As Europe Keeps Falling, The Implications For Europe And Everyone Else

By |2019-05-17T12:17:22-04:00May 17th, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

In late March, as global pessimism was renewed in the world’s bond markets, ECB President Mario Draghi appeared as he always does to urge optimism. Yes, Europe’s economy in particular didn’t finish 2018 as he had been expecting. But a soft patch, Draghi said, wouldn’t necessarily “foreshadow [a] serious slump.” The question on the minds [...]

The Basis Behind The Forming ECB ‘Pause’

By |2019-01-25T16:04:22-05:00January 25th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

These things are all related, not that they are in any way connected by conventional thoughts on the subject of the global economy. Two European officials are now on record hinting at an ECB “pause.” There is one already underway in the US, Federal Reserve officials past and present debating how long it might last [...]