Before entering catastrophic scenarios, indebted countries should put their wealth to work through privatisation, or leveraging property rights Very difficult to secure political consensus for having big bazookas, only possible if risk of not having one seen as greater The … Continue reading
Take it for what you will. Apparently the talk isn’t exactly new.
Cable up at 1.6020 from around 1.5985 when I sat down. There is some event risk coming up soon for sterling in the form of Mervyn Kings’ testimony before the Treasury Select Committee. Given the recent rise of 75 bln … Continue reading
Ready to take further action on franc if warranted by outlook, deflationary pressure EUR/CHF touch firmer in wake of comments, presently at 1.2270.
Reverse repo rate rises to 7.5%. Likelihood of a rate action in December mid-quarter review “relatively low” If inflation trajectory conforms to projections further rate hikes may not be warranted But medium-term inflation risks in the economy “high” Necessary to … Continue reading
Sir Merve the Swerve up before the Treasury Select Committee this morning, starting 08:45 GMT. Should be interesting.
Down at 1.3905 from a North American close Monday up around 1.3925. Euro zone data due this morning: 06:00 GMT: German Gfk consumer confidence survey for November expected 5.1 from previous 5.2 06:45 GMT: French consumer confidence indicator for October expected 78 … Continue reading
QE listed among tools it could use in a talk to the Bronx Chamber of Commerce.
Will sell currencies in unlimited quantities Will defend floor with full determination EUR/CHF modestly firmer, now at 1.2272.
He giveth with the one hand, buying bonds from the likes of Italy and Spain, and drainith with the other, via weekly operations to drai lquidity. Sort of like the ECB’s own version of operation twist…
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