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"Draghi" tag
central-bank

Central Banks: still kidding themselves

As expected by nearly everyone except the futures market, the Fed did not cut rates last week and predicted only one in the future and not until next year. This contrasts with the futures market...

Wrath of Draghi german banks-MarketExpress-in

Wrath of Draghi: German Banks Impose ‘Punishment Interest’

Commerzbank, Germany’s second-largest bank, a toppling marvel of ingenuity during the Financial Crisis that was bailed out by ever dutiful if unenthusiastic taxpayers, will now reward these very folks with what Germans have come to...

 

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