Posts Tagged ‘balance’
By The Sizemore Letter
A picture is worth a thousand words:
The ECB’s efforts to halt the European sovereign debt crisis have left the bank with a bloated balance sheet that is likely to get a lot bigger. If Spanish or Italian bond yields have another upward spike, expect the ECB to come to the rescue–whether Germany’s [...]
Bank of Italy head Draghi says:
European banks are weaker than they appear based on their balance sheets
Banks addicted to ECB liquidity must be dealt with by local authorities, not the ECB
Withdrawal of unconventional measures must avoid risk of leaving too much liquidity in system, sowing the seeds of the next crisis
The AUD/USD rallied from 0.8911 to the current levels at 0.9107 through Wednesday. This steep ascent was caused by the Australian Dollar’s strength over a very weak U.S. Dollar as U.S. equities rallied strongly throughout the trading day.
Pattern Alert Courtesy of Autochartist
The Triangle breakout from 0.9020 pushed the AUD/USD higher towards previous resistance at [...]
May not be prudent to rely on policy rates alone to keep US out of deflationary outcome
No action needed today given low but manageable core inflation and expectation for continued expansion
“Shock and awe” rarely optimal, outright treasury purchases should be commensurate with economic risks
US economic outlook has been downgraded but still remains positive, continued expansion [...]
NEW YORK (CNNMoney.com) — The U.S. government must find a balance between supporting the economic recovery and reducing long-term budget deficits, White House economic advisor Lawrence Summers said Monday.
While the economy has resumed its growth and the possibility of a depression now seems remote, the government should continue its efforts to spur job growth [...]
