Entries by Tom 2

Weekly Economic Cheat Sheet

Last Week There were plenty of economic reports last week (and they were in aggregate slightly weaker than expected) but the real focus was on the FOMC. While the Fed’s “hawks” seem to be gaining strength, the takeaway is that the expectations for policy remain unchanged. Starting with the Fed, you know by now that […]

Bad Is Good in Europe

Bad is Good in Europe This morning the ECB released it’s first tranche of TLTRO funding, and it flopped, badly.  Takedown by banks of the offer was just 82.6 billion euro, a little over half of the 150 billion that was expected. But, this low figure is seen as only further increasing the likelihood that […]