In Part 1 of this report you saw the rollercoaster shape of the European Central Bank balance sheet. The ECB’s assets grew massively under the long term loan program known as LTRO in 2011 and 2012. Then the central bank’s assets fell just as massively when the ECB allowed those loans to be repaid.
The Most Interesting Chart In The World - Part 2
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David Stockman’s Contra Corner isn’t your typical financial tipsheet. Instead it’s an ongoing dialogue about what’s really happening in the markets… the economy… and governments… so you can understand the world around you and make better decisions for yourself.
David believes the world -- certainly the United States -- is at a great inflection point in human history. The massive credit inflation of the last three decades has reached its apogee and is now going to splatter spectacularly.
This will have lasting ramifications on how governments tax and regulate you… the type of work you and your family members will have available and what you get paid… the value of your nest egg… and all other areas comprising your quality of life.