Month: October 2015

As Draghi Hints at More QE, German Bond Yields Hit Record Low Negative Yields; Economic Madness
October 22, 2015 0

As Draghi Hints at More QE, German Bond Yields Hit Record Low Negative Yields; Economic Madness

By News Desk

Those expecting more monetary madness were rewarded today when the ECB Opens the Door to December Stimulus as expected. The European Central Bank signalled it would expand its €1.1tn quantitative easing programme in December and cut its deposit rate should the slowdown in emerging markets threaten the eurozone’s economic recovery. The euro plunged 1.67 per cent against the dollar to $1.116 after Mario Draghi, the ECB’s president, said policymakers’ measures would need to be “re-examined†in December

October 22, 2015 0

Existing Home Sales Up 4.7% Following Last Month’s 5% Decline; Home Price Weakness

By News Desk

Existing Home Sales Up 4.7% Following Last Month’s 5% Decline; Home Price Weakness Existing home sales bounced this month, coming in just above the high end of Econoday Economists’ Estimates . Existing home sales bounced back very strongly in September, up 4.7 percent to nearly reverse the prior month’s revised decline of 5.0 percent, a decline that now looks like an outlier. The month’s annual sales rate, at 5.55 million, is just beyond Econoday’s top-end forecast and the second best reading of the recovery.