by More bad news out of Europe this morning, I'm afraid it seems EZ area industrial expansion is at 17 year highs.Unfortunately, current ECB led fiscal redistribution scheme via negative rates and financial asset purchases seems to be working.ECB collecting EZ interest payments and somewhat equitably redistributing them back to the Treasuries of the member nations for fiscal spending and deficit reduction; ie redistributing EUR balances that would probably otherwise be saved by the non-govt recipients. Very frustrating for all the "deficit too small!" people... Booming euro-area factories expand at fastest pace since 2000 https://t.co/qwHfC43mga via @aspeciale pic.twitter.com/FnFpTeqm25 — Bloomberg Markets (@markets) December 1, 2017
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Unfortunately, current ECB led fiscal redistribution scheme via negative rates and financial asset purchases seems to be working.
ECB collecting EZ interest payments and somewhat equitably redistributing them back to the Treasuries of the member nations for fiscal spending and deficit reduction; ie redistributing EUR balances that would probably otherwise be saved by the non-govt recipients.
Very frustrating for all the "deficit too small!" people...
Booming euro-area factories expand at fastest pace since 2000 https://t.co/qwHfC43mga via @aspeciale pic.twitter.com/FnFpTeqm25— Bloomberg Markets (@markets) December 1, 2017