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Eurozone Unemployment At Record Highs; Private Sector Lending Drops First Time Ever
globaleconomicanalysis.blogspot.com — For all the cheering about the recovery one might think actual jobs were being created or bank... lending was increasing. Neither is true in the US or the Eurozone. About a month ago the Sydney Herald reported Eurozone private sector lending almost ... (more) Eurozone Unemployment At Record Highs; Private Sector ...
We must not be too late with starting the Big Exit
ft.com — Central bankers all over the world are asking themselves the same question: when is the time to... start the Big Exit? It surely cannot be now, or can it? I suspect the right answer is: perhaps not now, but earlier than you think. Exiting will be a ... (more) We must not be too late with starting the Big Exit
ECB Does Nothing, Indicates Monetary Tightening
prudentinvestor.blogspot.com — Leaving its key interest rate unchanged at 1% on Thursday, the European Central Bank (ECB) appears to... remain in standby mode, keeping financial institutions flush with cheap liquidity. The only new twist in President Jean-Claude Trichet's repetitive flood of calming words came in the Q&A; ... (more) ECB Does Nothing, Indicates Monetary Tightening