Author Archives: bzik2

About bzik2

A beginning central banker with a twist

What central banks will do this year

Bloomberg’s forecast: http://www.bloomberg.com/news/articles/2015-02-24/what-28-central-banks-will-do-this-year Advertisements

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Central banks are powerful

“Once the dust settles, the markets will come to recognise that the SNB did it right. Central banks are powerful because they can take important decisions, not when they are seen to bow to market pressure. Remember the taper tantrum … Continue reading

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So ECB pumps 60bn euro monthly while Greeks…

“Withdrawals from Greek banks exceeded 14 billion euros ($15.9 billion) in the run-up to the snap elections that catapulted the anti-bailout Syriza party to power, including 11 billion euros that were taken out in January, the person said. Between Jan. … Continue reading

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“Euro is like hotel California…

…you can check out any time but you can never leave” says a new Greek minister of finance, professor of economics at the University of Athens. Read more at: http://www.bloomberg.com/news/articles/2015-01-27/greece-s-new-finance-minister-says-euro-is-like-hotel-california

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European court says Yes to QE ‘bazooka’

“Plans for a full-scale money-printing operation to spur growth and inflation in the struggling eurozone cleared a legal hurdle yesterday after a favourable verdict from the European Court of Justice.” http://www.independent.co.uk/news/business/news/european-court-says-yes-to-qe-bazooka-9979035.html

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Summers withdraw from Fed race

“Lawrence Summers has taken himself out of the running to be the next chair of the Federal Reserve, withdrawing his name after opposition from key Democratic senators indicated they would oppose his nomination.” News after Financial Times

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Why, oh why?

“Microsoft is to buy Nokia’s mobile phone business and patents for €5.44bn ($7.2bn) in an all-cash deal that will reshape the telecoms industry on two continents and comprise a big bet that Microsoft can challenge Apple and Samsung. The deal … Continue reading

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