Tag: modern

ECB’s Targeted Lending Spree Starts Out As Flop; Modern Monetary Insanity
September 18, 2014 0

ECB’s Targeted Lending Spree Starts Out As Flop; Modern Monetary Insanity

By News Desk

Today the Financial Times reports ECB’s Lending Spree Short of Expectations . The European Central Bank’s first offer of cheap four-year loans has fallen short of expectations, dealing a blow to president Mario Draghi’s hope of sustaining the eurozone’s ailing economy by expanding the central bank’s balance sheet. Banks borrowed €82.6bn through the first of the ECB’s Targeted Longer-Term Refinancing Operations, or TLTROs, one of policy makers’ big ideas to revive the currency area’s recovery.

Let’s Play "Telephone"!
August 16, 2014 0

Let’s Play "Telephone"!

By News Desk

Let’s Play "Telephone"! Anyone recall the campfire game Telephone ? In the game of Telephone, someone, typically sitting around the campfire, whispers a phrase to the next person who in turn whispers the phrase to the next person until the message is passed to the final person who reports what he heard. Inevitably, the final result is nothing like what the first person said.