Sunday , November 24 2024
Home / Mike Norman Economics / Booming Euro Area Factories

Booming Euro Area Factories

Summary:
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

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Matias Vernengo writes Elon Musk (& Vivek Ramaswamy) on hardship, because he knows so much about it

Lars Pålsson Syll writes Klas Eklunds ‘Vår ekonomi’ — lärobok med stora brister

New Economics Foundation writes We need more than a tax on the super rich to deliver climate and economic justice

Robert Vienneau writes Profits Not Explained By Merit, Increased Risk, Increased Ability To Compete, Etc.

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...

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *