The Central Banks have become the most powerful players in the global economy in recent years. Consequently, since its launch in 2013, Macro Watch has
Richard Duncan
Recent Posts by Richard Duncan
Do you want to understand what the European Central Bank is doing and why it is doing it? I have just uploaded two Macro Watch
On March 10th, the European Central Bank (ECB) announced that it will expand its Quantitative Easing program by one-third, increasing it from €60 billion per
Yesterday, the European Central Bank expanded its QE program by one-third and cut bank deposit rates deeper into negative territory. How did the markets react?
Until recently, negative interest rates were considered inconceivable. Now, however, $7 trillion worth of bonds are trading at negative yields. That means the owners of