Tag: European Central Bank

Meanwhile, it looks like Stormy Daniels' lawsuit against President Trump is over. A federal judge tossed out her suit, which sought to invalidate a $130,000 hush money agreement, because the suit "lacks subject matter jurisdiction." The latest sign: Chinese exports plunged 21% in February, compared with a year earlier. That's the weakest performance in three years, and it was a lot worse than economists had predicted. The export slump indicates "global demand is cooling," one economist says. Are we all the victims of a big fish fraud? Oceana tested more than 400 samples from markets, stores and restaurants in 24 states and Washington. Nima and Dawa Pelden are back home. After arriving back home yesterday in Bhutan, the twins' mother thanked the people of Australia: "You all gave me hope and put smile on my face while going through some terrible times. The February jobs report comes out later this morning.

Figure 1: ECB 2010 Rate Hikes Delayed Europe's Recovery for Four Years but it's Now Underway. Eurozone inflation remains extremely low, with core inflation nearly a point and a half below that of the U.S. (Figure 7). This implies that the ECB can probably wait at least 12-18 months before raising rates. On a similar note, Draghi will almost certainly bring QE to an end before leaving the ECB in October 2019. The Power of the Bond Market and the Syrizification of the Europe One major risk to our dovish forecast for the ECB would be a dramatic fiscal deterioration in Europe owing to widespread tax cuts or spending increases. Moreover, some policy normalization, such as an end to QE and to negative interest rates, might actually boost bank profits without hurting Europe's borrowers. Political concerns in Europe from Brexit to the stability of the governing coalitions of Germany, Italy and Spain are also pulling the euro lower. Europe's fiscal position continues to improve while U.S. budget deficits explode. When it comes to bonds, continued growth in the eurozone, the likelihood that Italian and German politics won't, in the end, spiral out of control, and an end to QE, could put a bearish tilt on the EU's bond markets. Bottom Line Key European countries are governed by fragile coalition governments Populist governments will likely moderate once in power European economic indicators continue to improve Many European nations are achieving a dramatic post-crisis deleveraging Public sector finances continue to improve European banks may have challenges, but bank failures are unlikely with zero rates EURUSD remains caught in a fiscal versus monetary policy tug-of-war If investors focus on Europe's growth, Eurozone fixed income could sell off to the detriment of U.S. Treasuries