from MacroScope:

ECB numbers game

By Mike Peacock
December 11, 2014

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European Central Bank President Mario Draghi pushed the envelope as far as he could last week, saying a review early next year would decide whether money-printing to buy government bonds was needed. He said he didn’t need unanimity within the ECB to force it through.

from MacroScope:

Draghi to talk the talk, no walk yet

By Mike Peacock
December 4, 2014

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The European Central Bank meets today with the debate about quantitative easing running hot after Mario Draghi declared “excessively low” inflation had to be raised fast and that the ECB would act more forcefully if its existing efforts to pump money into the ailing euro zone economy fall short.

from Anatole Kaletsky:

Stock markets set to take off as Europe, Asia abandon austerity

By Anatole Kaletsky
November 28, 2014

A pedestrian walks past an electronic board showing Japan's Nikkei average outside a brokerage in Tokyo

The Great Divergence is a term coined by economic historians to explain the sudden acceleration of growth and technology in Europe from the 16th century onward, while other civilizations such as China, India, Japan and Persia remained in their pre-modern state. This phrase has recently acquired a very different meaning, however,  more relevant to global economic and financial conditions today.

from MacroScope:

Euro zone litmus tests

By Mike Peacock
November 27, 2014

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Two vital gauges of euro zone progress, or lack of it, today.

German inflation for November is forecast to slip to 0.6 percent and will cue up the euro zone figure on Friday, which is predicted to come in at just 0.3 percent. Spanish inflation, due earlier, is forecast to come in at -0.3 percent.

from MacroScope:

UK politics thrown up in the air

By Mike Peacock
November 21, 2014

Nigel Farage, leader of UKIP, cheers as it is announced that UKIP candidate Mark Reckless won the by-election at Medway Park in Gillingham

As predicted, Britain’s surging anti-EU party UKIP snatched a second parliamentary seat from the ruling Conservatives overnight.

from MacroScope:

Will Germany’s Q4 get any better?

By Mike Peacock
November 18, 2014

Traders are pictured at their desks in front of the DAX board at the Frankfurt stock exchange

Germany’s ZEW index will give an indication of whether the fourth quarter will be any better for Europe’s largest economy after it barely escaped recession in Q3. In October, the index dropped to its lowest level in nearly two years.

from MacroScope:

Draghi back in the dock

By Mike Peacock
November 17, 2014

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European Central Bank President Mario Draghi faces lengthy interrogation at the European Parliament today.

from The Great Debate:

Are too-big-to-fail banks being cut down to size?

By Charles R. Morris
August 7, 2014

Financial institution representatives are sworn in before testifying at the Financial Crisis Inquiry Commission hearing on Capitol Hill in Washington

The massive $16-billion mortgage fraud settlement agreement just reached by Bank of America and federal authorities -- only the latest in a string of such settlements -- makes it easy to lose sight of what good shape banks are in.

from MacroScope:

Deflating euro zone inflation expectations

July 1, 2014

EThe euro zone is not deflating, it's just at risk of a too-prolonged period of low inflation, says European Central Bank President Mario Draghi.

from MacroScope:

The Fed’s taper and the question of the “tag-along” $5 billion

June 12, 2014

By Ann Saphir

Federal Reserve policymakers are expected next week to trim their monthly purchases of bonds by another $10 billion, putting them on track to end the massive program by October or December. So – which will it be, October or December? Some Fed officials are pushing for an answer, and soon.