BoE saves the day; ECB next?

The BoE’s bold moves give us some hope that the ECB will lower capital adequacy standards to finally unleash some lending on a credit-starved economy.

How Insensitive!

Euro Zone banks are not to responding to the ECB’s generous boost to liquidity by increasing their lending.

Two tales of credit woe

The monetary data from Japan and Britain suggest that there is core weakness in the underlying economy.