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Notes From Underground: Draghi Believes Time Is On His Side (Methinks He Is Playing With Fire)

Listening to the Draghi press conference left me with little satisfaction and I failed to have any sympathy for the devil, although I don’t wish to paint it black. 685 more words

ECB

Notes From Underground: Will Mario Drag His Feet Tomorrow?

Thursday is ECB┬áday as the doves all return to Frankfurt. I will unequivocally say that there will be NO NEW QE ENHANCEMENT. MAYBE PRESIDENT DRAGHI… 650 more words

ECB

Notes From Underground: Another Day When Everything is a Trade, Not A Position ... Until?

On Monday, the yield curves tried to confuse us and the result was that the 2/10 provided the impetus for flattening across the board. The yield differentials are rangebound, creating a grind trade as the market looks for some clarification for longer term direction. 717 more words

ECB

Notes From Underground: Draghi Fires a Water Pistol at Global Liquidity

After the smoke had cleared from ECB’s announcement to cut the deposit rate another 10 BASIS POINTS to NEGATIVE FORTY, the central bank ADDED MORE MONEY TO THE SYSTEM VIA AN INCREASE IN QE TO EIGHTY BILLION EUROS A MONTH… 550 more words

ECB

Notes From Underground: Santelli Exchange--Bazooka and Bubbles

Click on the image to watch me and Rick discuss the ECB’s policy decisions

ECB

Notes From Underground: The RBNZ Didn't LET IT BE. Will Mario Draghi Lean on the Taxman?

Two central banks announced interest rate decisions today: the Bank of Canada (BOC) and the Reserve Bank of New Zealand (RBNZ). The BOC left rates at 0.50% while the… 819 more words

ECB

Notes From Underground: The Heaviness of Being a Global Macro Trader

There is so much in the political realm that proves the concept of 2+2=5. I will continue the analysis of the impact of politics on markets but remember there is so much political tinder that can ignite the fires of market volatility. 945 more words

ECB