Dead Horse File -- ECB is creation of a flawed monetary system w/ national banks and different regulations -- it is operating inside a bifurcated EU economy consisting of tight fiscal and loose fiscal nations - there is no EU standard bond issuance, ECB purchase of national bonds (aka money) is deflationary (aka hoarding) and the negative interest rates imposed on finacial institutions makes the always dangerous Game of STRETCHING for YIELD a national past time
Saver based economies (JAPAN/Germany) operate differently than Credit based economies (US) -- ECB is not a Central Bank in the modern sense; its a book keeper for a Trade Zone -- it's a flawed system made worse by assuming it is a race horse and not a Donkey
Mtl JP 11:49:10 GMT - 04/18/2019
did draghi not recently ventilate about some "many instruments" or "many tools" still available to him and his cohorts to screw up things even more ?
GVI Trader john 10:41:02 GMT - 04/18/2019
JP- Not much the ECB can do. I think the problem more is wih the EU and national governments. They are locked into low growth, low productivity strategies.
GVI Trader john 08:33:29 GMT - 04/18/2019
Big beat for UK weather was bad a year ago (big snow)
GVI Trader john 08:32:32 GMT - 04/18/2019
U.K. Retail Sales March 2019
-- NEWS ALERT --
x-fuel & autos
mm: +1.2 % v -0.30% exp. vs. +0.20% (r+0.40%) prev.
mm: +1.10% v -0.30% exp. vs. +.40% (r +0.60% ) prev.
German Prelim Mfg PMI 44.5 vs 45.0 expected. Services PMI 55.6 vs 55.0. expected.
French PMI earlier 49.6 vs.50.0 exp.
Suggests EZ mfg PMI could be weaker as well at the top of the hour.
GVI Forex18:07:01 GMT - 04/17/2019
14:00 *(US) FEDERAL RESERVE BEIGE BOOK: ECONOMIC ACTIVITY EXPANDED AT SLIGHT TO MODERATE PACE
- Labor markets remained tight across districts, restraining growth
- Prices have risen modestly since prior Beige Book
- Consumer spending is mixed; saw sluggish sales for general retailer and auto dealers
- Most Fed districts reported stronger home sales
- Most Fed districts report moderate wage growth
09:00 (UK) UK Labour Party Spokesperson: Not true that Brexit talks have stalled with the UK Government
- Source TradeTheNews.com
GVI john 12:43:50 GMT - 04/16/2019
GBPUSD down on this
Cross party talks between Tories and Labour on Brexit path said to have stalled - Source TradeTheNews.com
KL11:09:26 GMT - 04/16/2019
Fake econometric models as usual. :-)
London Trader 10:54:05 GMT - 04/16/2019
At least we got some excitement even though the news headlines were meaningless. . Use 1,13 as a pivot as it is about halfway between 1.1280-1.1320
GVI Forex10:06:06 GMT - 04/16/2019
Headline whipsaw. EURUSD pops on this
06:03 (EU) ECB said to lack enthusiasm for sub-zero tiering; have not discussed further deposit rate cuts as have plenty of other tools at its disposal - Some ECB officials doubt tiering will happen, tiering debate is said to underline plenty tools still left - Source TradeTheNews.com
PAR09:28:37 GMT - 04/16/2019
Nothing new , these econometric models have been always wrong as have been the ECB policies based on those junk models .
GVI Forex09:21:35 GMT - 04/16/2019
EURUSD fell on this
05:14 (EU) Significant minority of ECB policymakers said to doubt projections for growth rebound in H2 2019 - Some even question accuracy of forecasting models
- Source TradeTheNews.com
GVI Trader john 09:04:35 GMT - 04/16/2019
German ZEW Survey April 2019
Current Situation: +5.5 vs. +8.5 exp. vs. +11.1 prev.
Expectations: +3.1 vs. +0.5 exp. vs. -3.6 prev.
correction re evans:
Monday, April 15, 2019
New York Association of Business Economists (NYABE) Economic Luncheon
1:00pm EST (12:00pm CST)
Livingston nh 13:57:57 GMT - 04/15/2019
jp - Draghi will be free to take advantage of all the excess in EU economies -- see if a Northerner gets to sop up the liquidity
Mtl JP 13:55:37 GMT - 04/15/2019
nh 12:57 fwiw evans will have a 2nd chance to explain himself at noon via his "Economic Conditions and Monetary Policy"
Mtl JP 13:34:13 GMT - 04/15/2019
nh how entertaining is draghi's coming to defend jerome FED's "independence" attacking President Trump's week-end " If the Fed had done its job properly, which it has not, the Stock Market would have been up 5000 to 10,000 additional points, and bla bla bla ... " tweet ?
Mtl JP 13:22:56 GMT - 04/15/2019
fwiw saw an earlier headline the EU to release their retaliatory list of promised things to tariff-icate on the 17th
Mtl JP 13:19:13 GMT - 04/15/2019
nh the FED gang has a different problem than economy this or that. free market economy always takes care of itself.
The FED's problem is to wean the financial types off cheap and accessible money.
such as .... for ex... borrow to pay ... dividends
Livingston nh 12:57:19 GMT - 04/15/2019
jp - will the Fed draw the wrong conclusion if Q2 is much stronger than Q1?? -- will a "dovish" policy be the reason for a strong Q2? -- misjudgment is the fuel of PANIC
Mtl JP 12:53:10 GMT - 04/15/2019
haha, to evans current economy looking better than in last Q
BUT will he bet his salary on it ?
perish the thought peasant
Mtl JP 12:34:52 GMT - 04/15/2019
the so-what of empire manuff
- not a disaster:
just that tiny glimmer of hope
but not worth buying the dlr
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