Janet finished out her first semester with a solid A at the press conference. The C- from her first appearance has been successfully diluted with a sequence of dovish speeches and testimonies combined with her latest perfect performance. She can now head into the slow...
Next week I will jet off to Europe for one month - two weeks visiting clients and two weeks back in the homeland for a little R&R. I will try to write from the road as I usually do, but my output may become a bit spotty in late June/early July as I check out...
As I watched Mario's presser yesterday I could not help but think of that infamous scene from "Austin Powers: International Man of Mystery" where Dr Evil announces his plan to hold the world hostage for....."one million dollars". Mario spoke with an unusual level of...
This Thursday the serial dissappointers at the ECB have set the stage for some aggressive action. We have heard noises about targeted long-term LTROs, a cessation of sterilization from SMP purchases, lower refi rates, and negative deposit rates. So far the market has...
The movie "Words and Pictures", starring Clive Owen and Juliette Binoche, is a must see! The acting and directing are first rate. And while I do not want to spoil the movie for anyone who has yet to see it, I do want to bring the plot line into a discussion today on...
The movie "Words and Pictures", starring Clive Owen and Juliette Binoche, is a must see! The acting and directing are first rate. And while I do not want to spoil the movie for anyone who has yet to see it, I do want to bring the plot line into a discussion today on the current […]
