Services Inflation for Japanese Businesses Spikes by Most since 1991, Bank of Japan Gets Lots of Rate-Hike Ammo by Wolf Richter • May 28, 2024 • 40 Comments Huge month-to-month jumps for second month in a row as businesses jack up their prices for new fiscal year.
Bank of England to Sell All Remaining Bonds and Use Repos Instead to Manage Liquidity & Financial Stability by Wolf Richter • May 25, 2024 • 117 Comments Back to the future: With repos, not QE, is how central banks handled issues before 2008. The Fed also revived tools to go back into that direction.
Bank of Canada Balance Sheet QT Sheds 64% of Pandemic QE Assets, Indicates QT Might End in September 2025 by Wolf Richter • Apr 7, 2024 • 53 Comments “Balance sheet normalization” will continue even if the BoC cuts its rates. It’s all about “settlement balances.”
ECB Balance Sheet QT: -€2.2 Trillion from Peak, to €6.61 Trillion. Shed 25% of Total Assets, 53% of Pandemic QE by Wolf Richter • Apr 7, 2024 • 38 Comments Fed and ECB combined removed $4 trillion in liquidity. Inflation, after decades of calm, is hammering some sense into these central banks.
Inflation Saga Far from Over: Services Inflation in Euro Area Just as Stubborn as in the US, Makes Very Disconcerting Moves by Wolf Richter • Mar 1, 2024 • 133 Comments Over the three months through February, services inflation has been running at roughly the same hot rate as during the peak a year ago.
ECB Balance Sheet QT: Down €2.0 Trillion from Peak, to €6.83 Trillion. The ECB Shed 48% of its Pandemic QE Assets by Wolf Richter • Feb 28, 2024 • 55 Comments A big milestone for Quantitative Tightening in the euro area.
Japan’s Nikkei 225 Stock Index Hits New All-Time High after 34 Years, Thank You Hallelujah Bank of Japan Money Printing by Wolf Richter • Feb 22, 2024 • 79 Comments But if you invested USD three years ago following Buffett’s hype, you lost 5% because the yen crashed, thank you hallelujah BOJ.
The Most Splendid Housing Bubbles in Canada: National Price Drops Further in January -18.3% from Peak. End of Easy Money by Wolf Richter • Feb 14, 2024 • 121 Comments Toronto houses -20% from peak, condos drop to 2-year low. Vancouver -8% from peak, Hamilton -25%, Victoria -14%. Calgary set new high.
ECB Balance Sheet QT: -€1.94 Trillion from Peak, down to €6.9 Trillion. Shed 47% of Pandemic QE Assets by Wolf Richter • Dec 28, 2023 • 44 Comments Quantitative tightening powers along in the euro area.
QE Giveth, QT Taketh Away: German Home Prices Tank as ECB’s Balance Sheet Drops by €1.85 Trillion by Wolf Richter • Dec 24, 2023 • 82 Comments Biggest home-price drops in the data going back to 2000 triggered by the biggest QT and highest rates in ECB history.
