Weaker Reflation Makes ECB Goal Harder To Reach

  • Normalizing inflation and unemployment to acceptable levels is still very difficult
  • Broader Measure Of Unemployment Still High
  • Creation of a Euro finance minister may be justified
  • We Have No Official Position On QE Stock Vs Flow
  • Stocks Of Bonds On B/Sheet Very Important In Accommodation
  • Inflation Expectations Remain ‘Somewhat Subdued”



Pin It on Pinterest