Whether or not Draghi was really planning to announce his stimulus program this week, the surprise Swiss franc decoupling of last week left him no choice.
... however the SNB fallout lands and whoever it lands on, it's not doing anything to help the bleak outlook for a world on the edge of deflation.
What we know for sure at this point is that the fallout of this move is going to be massive, long-lasting, and global. Some traders are already predicting the collapse of financial institutions and smaller hedge funds.
There is a case to be made that the potential downside of this round of deflation is worse than catastrophic. There is an estimated $22 trillion worth of global commodities-based derivatives.
For all the hoopla, you might have thought this was going to be something historic. But in retrospect, all the swollen, self-important talk about the Eurasian Union seems horribly out of step with the reality of what has been birthed here.
...deflation remains the bugbear of the Japanese economy, even after the unprecedented easing in recent years by the Bank of Japan.
Why is it that in contemplating the future our thoughts usually turn to disaster and calamity? Why are we seemingly incapable of imagining things going well for a change?
All of these revolutionary actions represent people interacting directly with each other in ways that cannot be interfered with, regulated or proscribed by the globalist institutions that are seeking to bring about their New World Order.
Sanity will likely return once the markets have had time to process the move, but the wild market volatility displayed this week shows just how unbalanced these markets have become and just how delicate the situation is.
This is, of course, the New Cold War narrative, and although a lot of the attention has been shifted onto Russia this year, China has for years been painted as the new Red menace for the 21st century.
If politics makes strange bedfellows, economic crisis makes even stranger ones. Venezuela is already tens of billions of dollars in debt to China and uses half of its oil shipments to that country to pay down existing debt...
The fact of the matter is simple: there is an economic war being waged on Russia. and that war is starting to take its toll on the Russian economy.
In an echo of the recent Scottish independence referendum, a scare campaign by the Swiss National Bank and all of the main political parties is largely t...
It walks and talks like a government; It quacks like a government; it has a flag and an anthem and all the other trappings of a state. It even dresses like a government... But it isn't really a government.
Given that the audience that still relies primarily on TV for their news is approaching death and given that the phenomenon of people giving up on TV entirely to get all their media online... does anyone but the most deluded TV network execs and newspaper editors doubt that th...
Not one Westerner in a hundred could identify the area in question on a map, let alone tell you its significance, but that doesn't make the consequences of a renewed Azerbaijani/Armenian conflict any less grave.
In 2010 the FCC released its Open Internet Order as a response to public fears about the possibility of ISPs abandoning net neutrality. It was an ambitious order that included strict regulations against blocking or slowing down websites arbitrarily.
We're supposed to believe that Hannigan is the crusading hero of the noble and valiant British version of the NSA. We're asked to swallow the line that his op-ed, is actually a reflection of the fact that the British government loves and cares for the people of the world...
This is make or break time for the BOJ: either they will live up to their promise of reversing Japan's 20-year long stagnation doldrum with this final QE hail mary, or they will likely see two more conservative members appointed to the board next year...
Some European nations (including Italy, France and perhaps Spain) have become "Greece-i-fied" in that they reject the idea of personal or national responsibility. They believe that they should be entitled to party hearty at someone else's expense.