ECB Balance Sheet Reaches All Time High in July 2016

YouKnowWhatIMeanLike

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Mario Draghi is handing out fresh moolah to bankers around the euro area like mad. And he now has already achieved a record for the Euro-Area currency. The ECB Balance Sheet in the Euro-Area reached an all time high of 3265838 EUR Million in July of 2016. Up from 2.5 Trillion euro in July 2015. we can expect Draghi to add another trillion or two over the next 12 month.

happy days folks there has never been more money in the system. more than 10% of the GDP in the Euro-Area is now printed virtually in Frankfurt every year. Inflation at some point will have to rise strongly that despite the sterilization efforts by Mario at the ECB.

https://www.ecb.europa.eu/pub/annual/balance/html/index.en.html
 


robut

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Mario Draghi is handing out fresh moolah to bankers around the euro area like mad. And he now has already achieved a record for the Euro-Area currency. The ECB Balance Sheet in the Euro-Area reached an all time high of 3265838 EUR Million in July of 2016. Up from 2.5 Trillion euro in July 2015. we can expect Draghi to add another trillion or two over the next 12 month.

happy days folks there has never been more money in the system. more than 10% of the GDP in the Euro-Area is now printed virtually in Frankfurt every year. Inflation at some point will have to rise strongly that despite the sterilization efforts by Mario at the ECB.

https://www.ecb.europa.eu/pub/annual/balance/html/index.en.html
This link has your figure of 3265838 EUR Million in July of 2016?

Latest - 1.1 Consolidated financial statement of the Eurosystem - 1 Monetary policy statistics - Statistics Bulletin - ECB Publications - ECB Statistical Data Warehouse

last columns on right .. note liabilities and assets total figures the same. All balanced :D
 

YouKnowWhatIMeanLike

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gleeful

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Imagine if this were instead spent on public works. I could have built 1000 metro lines. Or 100 TGV lines across the continent Or a city on Mars.

But somehow we cant afford those - instead we give it to bankers. Where does it go?
 

Congalltee

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Why is this bad?
Our inflation is 0.3%, projected to rise to 0.9% and on to 1.8% by 2020 - that seems moderate and sustainable to my naive eyes.
 

GDPR

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Mario Draghi is handing out fresh moolah to bankers around the euro area like mad. And he now has already achieved a record for the Euro-Area currency. The ECB Balance Sheet in the Euro-Area reached an all time high of 3265838 EUR Million in July of 2016. Up from 2.5 Trillion euro in July 2015. we can expect Draghi to add another trillion or two over the next 12 month.

happy days folks there has never been more money in the system. more than 10% of the GDP in the Euro-Area is now printed virtually in Frankfurt every year. Inflation at some point will have to rise strongly that despite the sterilization efforts by Mario at the ECB.

https://www.ecb.europa.eu/pub/annual/balance/html/index.en.html
Inflation is not happening because of Europe's aging and declining population. Even bringing in millions of Muslims and Africans is not changing that fact.
 

GDPR

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Why is this bad?
Our inflation is 0.3%, projected to rise to 0.9% and on to 1.8% by 2020 - that seems moderate and sustainable to my naive eyes.
At those levels, the terms inflation and growth mean the same thing. That level of growth won't pay the interest on debt. Of course, we Irish have a growth rate of 23.5%, but there are no leprachauns in the rest of Europe with such magnificent pots of gold.
 

Karloff

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Imagine if this were instead spent on public works. I could have built 1000 metro lines. Or 100 TGV lines across the continent Or a city on Mars.

But somehow we cant afford those - instead we give it to bankers. Where does it go?
That's the mystery. But they are stealing it from everyone who uses the Euro, that much is not in question.
 

gerhard dengler

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Target 2 imbalances have to be growing too, given the level of the ECB asset backed purchases initiative.
 

Fractional Reserve

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Most of that money is been shipped of to the fed to a biteen .
Mario Draghi is handing out fresh moolah to bankers around the euro area like mad. And he now has already achieved a record for the Euro-Area currency. The ECB Balance Sheet in the Euro-Area reached an all time high of 3265838 EUR Million in July of 2016. Up from 2.5 Trillion euro in July 2015. we can expect Draghi to add another trillion or two over the next 12 month.

happy days folks there has never been more money in the system. more than 10% of the GDP in the Euro-Area is now printed virtually in Frankfurt every year. Inflation at some point will have to rise strongly that despite the sterilization efforts by Mario at the ECB.

https://www.ecb.europa.eu/pub/annual/balance/html/index.en.html
 

Fractional Reserve

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Inflation is not happening because of Europe's aging and declining population. Even bringing in millions of Muslims and Africans is not changing that fact.
People have no confidence in creating business or hiring , they are taxed to death , the minute any bitteen of joy the government nail it in taxes .they can have all the money in their coffers but if their is no confidence to borrow it doesn't matter what rate money is lend out at .Plus the banks are getting money at zero and depositing it in fed getting .5%
 

gerhard dengler

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As I thought, Target 2 imbalances have exploded and look to be reaching the "highs" of 2012 yet again.



Back to the farking furture :roll:
 

General Urko

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It's great craic having an Italian as ECB Head!
 

Mrwoody

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At those levels, the terms inflation and growth mean the same thing. That level of growth won't pay the interest on debt. Of course, we Irish have a growth rate of 23.5%, but there are no leprachauns in the rest of Europe with such magnificent pots of gold.
Gabriel Fagan is chief economist at the central bank of Ireland yes Fagan of the bottom of the garden top of the morning to you Fagans so the leprechauns are running the show.
 

cyberianpan

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Quantitative easing doesn't prove to have anything like the 1:1+ expected transmission effect

Thus headline balance sheet data is no longer that meaningful... systemic velocity would be more useful, but the data sets for such are certainly not released at monthly frequency...if at all

That said, some variance analysis tracking Italy is merited

cyp
 

YouKnowWhatIMeanLike

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As I thought, Target 2 imbalances have exploded and look to be reaching the "highs" of 2012 yet again.



Back to the farking furture :roll:
indeed not looking good for the Euro at the moment. economically we are stuck with the catastrophic EU decision that was made for direct aid to banks back in June 2012. except that most of the reckless private banking debt in Europe now has been socialised in one way or another.

 

cyberianpan

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Quantitative easing doesn't prove to have anything like the 1:1+ expected transmission effect

Thus headline balance sheet data is no longer that meaningful... systemic velocity would be more useful, but the data sets for such are certainly not released at monthly frequency...if at all

That said, some variance analysis tracking Italy is merited

cyp
Oh dear...the loonies are "analyzing" gross Target 2 figures

They might as well be doing an activity like
"Imaging blue smurfs that eat transdoctrinal celibate asteroids"

But...the loonies have been koolaided...and loonies never change the flavor of koolaid

cyp
 


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