WarMachines.com

Industrial War Machine Complex – Buy Bitcoin Defeat Corrupt Governments Everywhere!!


WarMachines.com

Archives by tag

Beware The Falling Knives: The ECB Has Some Bad News For Junk Bond Buyers

Two weeks ago, as part of our continuing coverage of the Steinhoff fiasco in which it emerged that the ECB was the mystery and (not so) proud buyer of just issued Steinhoff (now junk) bonds (maturing in 2025 but set for bankruptcy much sooner) and which lost more than half of their value overnight when […]


The ECB Has Some Bad News For Junk Bond Buyers

Two weeks ago, as part of our continuing coverage of the Steinhoff fiasco in which it emerged that the ECB was the mystery and (not so) proud buyer of just issued Steinhoff (now junk) bonds (maturing in 2025 but set for bankruptcy much sooner) and which lost more than half of their value overnight when […]


Watch Live: Mario Draghi Explains Why The ECB ‘Taper’ Is So Positive

Having left rates unchanged and confirmed the tapering of QE, there is only one thing left for the former Goldmanite to do – explain to the masses why this is all so positive and no reason at all to worry about rationality-shattering bond yields across the eurozone (and beyond). As expected, there was little surprise […]


ECB Keeps Rates Unchanged, Sees Current Policy Stance “Contributing To Favorable Liquidity Conditions”

As expected, there was little surprise in the ECB monetary policy decision, which kept all three key ECB rates unchanged, and which announced that rates will “remain at their present levels for an extended period of time, and well past the horizon of the net asset purchases.” As it unveiled before, QE will run at […]


What To Expect From The ECB

Submitted by RanSquawk ECB Monetary Policy Decision Due At 12:45 GMT, 13:45 CET, 07:45 EDT, On Thursday 14th December 2017, Press Conference Due At 13:30 GMT, 14:30 CET, 08:30 EDT Unanimous expectations look for the ECB to leave its three key rates unchanged.  As a reminder October’s announcement revealed that the Bank will be trimming […]


Here’s The Chart That Everyone Is Talking About (And Hoping Is Not ‘Real’)

While mainstream media eyes have been focused on wrecked tech stocks and towering trannies, professionals in the world's largest liquidity markets have been shocked at the sudden explosion in one chart… that most everyone is hoping is not 'real'. With central banks puking money at low or negative rates to anyone who can fog a […]


Euro Area Inflation Unexpectedly Misses Despite Sliding Unemployment

The euro stumbled, dropping to session lows on Thursday after Eurostat reported that despite a welcome decline in Europe’s unemployment rate to 8.8%, the lowest level in 9 years, Eurozone inflation missed expectations, rising from 1.4% to 1.5%, below the 1.6% consensus expectations, reminding the ECB that Phillips curves around the globe remain broken and […]


Eurozone Inflation Unexpectedly Cools

In the latest headache for Mario Draghi, the Eurozone's closely watched CPI weakened to 1.40% year-on-year in October 2017 versus expectations of 1.50% and a reading of 1.50% the previous month. As a reminder, according to the ECB's September forecast, HICP inflation is expected to rise to 1.5%, leaving little margin for deflation in the […]


ECB Announces Dovish €30 Billion QE Taper Through September 2018 “Or Beyond”; Euro Tumbles

While the ECB kept all of its three key rates unchanged as expected, and also kept the pace of QE at €60 billion until the end of the year, confirming the numerous trial balloons overthe past month, the ECB announced that it would cut the rate of QE in half, to €30 billion “from January […]


Traders Paralyzed, Markets Flat Ahead Of Today’s Main Event: The ECB’s Taper Announcement

US equity futures and Asian shares are flat this morning with European shares treading water ahead of the ECB’s policy meeting in which it’s expected to announce a tapering to its €60bn in monthly QE. On this busiest day of Q3 earnings season, companies set to report earnings include Alphabet, Microsoft, Amazon and Intel, while […]


What The ECB Will Announce This Week: A Summary Of All QE Tapering Scenarios

The main risk event in the coming week, in addition to a barrage of corporate earnings, will be the ECB’s long-awaited announcement of what the central bank’s QE tapering will look like. Conveniently, thanks to a trial balloon released on October 12, we already know the general parameters of this phasing out of monetization: ECB […]


ECB May Have Only €220 Billion In QE Left If The Hawks Get Their Way

After seemingly sending out trial balloons (via Bloomberg and Reuters simultaneously) on tapering last Thursday, which had almost zero impact (see “ECB Reportedly Considering Slashing QE in Half in January, EURUSD Shrugs), Draghi’s minions have been busy again. “Central bank officials familiar with the matter” told Bloomberg that some – presumably quite hawkish – ECB […]


ECB Minutes Are A Dud, Fail To Excite Markets

For all the excitement surrounding today’s ECB minutes release, they turned out to be a dud, with the EURUSD failing to move even 10 pips, and Bund yields largely unchanged. Contrary to expectations, the minutes did not disclose anything new, instead echoing what Peter Praet said on Monday. Of note, the minutes revealed that ECB […]


Deutsche Bank: “The Fed’s ‘Transparency’ Killed Long-Term Investing”

Two weeks ago, one of our favorite derivatives strategists, BofA Barnaby Martin wrote something we have said for years: “QE has been the most effective way for CBs to ‘sell vol’”, arguing that accommodative monetary policies across the globe amid QE have “clearly supported a strong rebound in fixed income markets.” This should not be […]


Weekend Reading: The “Real” Vampire Squid

Authored by Lance Roberts via RealInvestmentAdvice.com, First, it was Hurricane “Harvey” and an expected $180 billion in damages to the Texas coastline. Now, “Irma” is speeding her way to the Florida coastline dragging “Jose” in her wake. Those two hurricanes, depending on where they land will send damages higher by another $100 billion or more […]