Tag Archives: Europe

The Fed is Waiting Patiently…Are You?

The FOMC’s January meeting didn’t break new ground; I’m waiting for the March press conference for any significant action to be discussed. As we know, patience continued to be the theme, as the Fed signaled a rate hike before June … Continue reading

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Greece is the Word

The three key take-away points from last Friday’s deal: 1. Greek politicians shouldn’t play poker: Whether the new government was faced with a lack of time or simply wasn’t experienced in bail-out negotiations, we don’t know, but neither Greek Prime … Continue reading

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ABBA Time

Mamma Mia!! Yesterday morning (Thursday February 12th 2015) the Swedish central bank (the Riksbank) decided to take a chance on Quantitative Easing (“QE”), cutting the repurchase rate to -0.10% and announcing a bond-buying programme of SEK 10bn (approx. €1bn). The … Continue reading

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7 Things You Need To Know About Today’s ECB Quantitative Easing Announcement

1. Size and duration: Purchases totalling €60bn per month, starting in March 2015 and lasting until September 2016, giving a total size of €1.1trn. This is much higher than expected. Note also the phrase that the programme will continue until … Continue reading

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My Word is (Not) My Bond

In what we believe to be a stunning (and perhaps even shocking) move yesterday, the Swiss National Bank (“SNB”) announced the immediate termination of its policy to floor the Swiss franc to the euro. The reaction was swift and brutal. … Continue reading

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