November 2013 archive

The Common Currency ‘Euro’ Makes It Difficult for Member Countries to Correct Imbalances

Fed Seen More Influential Over Euro Than ECB Dec. 5 (Bloomberg) — Kit Juckes, global strategist at Societe Generale SA, talks about European Central Bank monetary policy after it decided to leave the benchmark rate unchanged at 0.25 percent. He speaks with Bloomberg Television’s Guy Johnson. (Source: Bloomberg) There is divergence across the euro region …

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ECB President Mr. Draghi on ‘Nationalistic’ Attacks, Forward Guidance and Communications

ECB president Mr. Draghi said that members of the ECB’s Governing Council make decisions based on the interests of the euro zone as a whole rather than individual nations. “In their deliberations and decisions, Governing Council members are neither German, nor French, nor Spanish, nor Italian but acting as Europeans in pursuit of a European …

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The European Central Bank may be Forced to Adopt Unconventional Stimulus Policies

Riccardo Barbieri, chief European economist at Mizuho International, discusses the outlook for the European economy with Francine Lacqua on Bloomberg Television’s “On The Move.” (Source: Bloomberg) The European economic recovery is anemic. Germany’s economy lost momentum in the third quarter and France unexpectedly contracted, adding to evidence that the euro region’s recovery is stalling. German …

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Deflationary Dangers Arrive in Europe

The threat of a deflationary spiral is a policymakers’ nightmare in which falling prices weaken demand, reduces wages and employment to meet ever lower prices. Negative inflation in Europe will quickly reverse the investment bull market. Even as it lowered rates earlier this month, the ECB reinforced its “forward guidance,” indicating that it could cut …

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Will A Quantative Easing Program Come To Europe?

ECB Needs Smoking Gun to Implement QE: Moec In today’s “Global Outlook,” Gilles Moec, co-head of European economic research at Deutsche Bank, discusses the impact of currencies on the European economy and the need for further interest rate moves by the ECB. He speaks on Bloomberg Television’s “The Pulse.” If not what are the European …

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U.S. National Debt Finally Addressed

Oct. 31 (Bloomberg) — Bill Gross, co-chief investment officer at Pacific Investment Management Co., talks about the need to overhaul the U.S. tax code in order to promote economic growth and bolster the prospects of the working class. He speaks with Trish Regan and Adam Johnson on Bloomberg Television’s “Street Smart.” (Source: Bloomberg) Wal-Mart’s Simon …

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QE’s Excess Reserves…………High Time to Re-engage

El-Erian: Ton of Cash (Excess Reserves) on Sidelines Oct. 30 (Bloomberg) — Mohamed El-Erian, chief executive and co-chief investment officer at Pimco, explains why the United States is coming to and important turning point in the economy and how corporate cash can help lead the way. He speaks on Bloomberg Television’s “Bloomberg Surveillance.” JPMorgan’s Lee …

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