The ECB Steps Away from Bond Market Entirely, Speeds Up Bond QT even as it Cut Rates by Wolf Richter • Dec 13, 2024 • 23 Comments It already reduced its balance sheet by €2.48 trillion and completed its loan QT to near-zero.
US Dollar Crushes Euro, Yen, Canadian Dollar, other Currencies as Fed Backpedals on Pace of Rate Cuts by Wolf Richter • Nov 22, 2024 • 64 Comments Amid renewed inflation worries and above-average economic growth.
ECB’s Own Measure of Wage Increases Blows Fuse, Sets Off Alarms about Stubbornly Hot Services Inflation by Wolf Richter • Nov 20, 2024 • 57 Comments Meanwhile, the ECB’s QT marches on, balance sheet has shed €2.45 trillion since the peak, or 59% of its pandemic QE.
US Treasury Debt Held by Foreign Investors: Ravenous Appetite for Juicy Yields, Juicy Compared to their Stuff at Home by Wolf Richter • Nov 18, 2024 • 79 Comments Will foreign investors buy the Recklessly Ballooning US Debt? Increasingly crucial question. But yield solves demand problems.
Which Foreign Countries Bought the Recklessly Ballooning US Debt: An Increasingly Crucial Question. Many Piled it up. Cleanest Dirty Shirt? by Wolf Richter • Oct 19, 2024 • 114 Comments Foreign investors had a big appetite all year for Treasury securities. But China lost interest, Japan struggled with the yen.
QT Continues: ECB Balance Sheet: -€2.39 Trillion or -27% from Peak, to €6.45 Trillion, Lowest since August 2020 by Wolf Richter • Aug 20, 2024 • 41 Comments Combined QT by the Fed and ECB removed $4.4 trillion in liquidity so far. A couple of years ago, this would have been an unimaginable feat.
The Foreign Investors Who Bought the Recklessly Ballooning US Debt: July Update by Wolf Richter • Jul 18, 2024 • 86 Comments Who is still buying the US debt is an increasingly important question. Here are the foreign investors.
The Most Splendid Housing Bubbles in Europe: Biggest Price Drops in Germany, Finland, Sweden, Austria, France, Denmark by Wolf Richter • Jul 6, 2024 • 80 Comments But new highs in Portugal, Spain, Poland, Belgium, Ireland, Romania. A wild ride.
Inflation Saga Far from Over: Services CPI in the Euro Area Refuses to Slow for 8th Month in a Row by Wolf Richter • Jul 2, 2024 • 66 Comments Lagarde frets over surging labor costs feeding into services inflation.
The Foreign Holders of the Ballooning US Debt: They’re Buying, But Don’t Keep Up by Wolf Richter • Jun 19, 2024 • 120 Comments As China dumps Treasury securities, the Euro Area, Canada, and financial centers load up with immense appetite.
