FRANKFURT, Germany/February 6, 2017 (AP)(STL.News) — The head of the European Central Bank says that its monetary stimulus efforts are still very much needed to support the continent’s economic recovery — despite the recent spike in inflation in …
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Mario Draghi is one of the better communicators in modern central banking. Everything he conveyed during the ECB’s 19th of January press conference was intentional. Each time he was presented with questions about whether the ECB should consider winding down its bond buying program faster in light of strengthening economic and inflation data he repeatedly stated, “it wasn’t discussed.” The last thing the native Italian central bank chief wants is a market eager to front run an accelerated QE taper, causing an unstable spike in Eurozone bond yields and in the value of the euro. 359 more words
The anemic Obama/Fed recovery coupled online shopping retailers were a 1-2 punch against shopping malls. Or in Star Wars lingo, Darth Mall has appeared.
Wall Street Journal By Esther Fung — More mall landlords are choosing to walk away from struggling properties, leaving creditors in the lurch and posing a threat to the values of nearby real estate. 1,000 more words