European Central Bank Runs Out of Ammo to Stop Eurozone Recession

European Central Bank

“Whatever it takes.”  That’s the mantra of Mario Draghi and the European Central Bank (ECB) as they slashed interest rates yet further into negative territory on Thursday. The ECB cut the base rate to -0.5% and unleashed another aggressive bond-buying program (€20 billion) in a bid to stimulate the eurozone economy.  But as the eurozone … Read more

Trump Prefers ECB’s Draghi as Fed Chair in Epic Powell Diss

Trump, Powell, Draghi

President Donald Trump took a swipe at the Federal Reserve Chairman this week, saying Jerome Powell’s rush to raise interest rates hampered an economy that didn’t need tightening. Draghi, Not Powell Donald Trump said he would prefer the actions of European Central Bank President Mario Draghi – and wanted him as Fed Chairman instead – … Read more

Bitcoin No Threat Yet but Crypto ‘Phenomenon’ Needs Monitoring: European Central Bank

ECB, Crypto, Bitcoin

By The European Central Bank (ECB) has found that crypto does not pose risks to financial stability in the Eurozone. The central bank does recommend, however, that European legislatures create a uniform approach to crypto-assets. Crypto Market? Too Small to Matter, ECB Says The ECB has set up an advisory committee called the Crypto-Assets … Read more

Bitcoin ‘Highly Risky,’ Not a Real Currency: ECB’s Mario Draghi

dow jones falls as mario draghi sparks recession fears

By A student asked European Central Bank (ECB) President Mario Draghi about his stance on Bitcoin. Draghi told the student that cryptocurrencies are not currencies, but “highly risky” assets. Mario Draghi: “Who Is Behind the Cryptocurrencies?” Watch again: Mario Draghi answers a student’s question on cryptocurrencies #ECBYouthDialogue #GenerationEuro — European Central Bank (@ecb) … Read more

Dow Plummets 250 Points as Europe Floods Economy with Cheap Loans

dow jones falls as mario draghi sparks recession fears

The Dow Jones Industrial Average plummeted more than 250 points during the first half of Thursday’s trading session. It marks the fourth straight day of decline for US stocks.

With a barrage of poor economic data and lack of fresh details on the China trade deal, the Dow is crying out for a catalyst to pump higher. 

Dow Careens into the Red

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British Banks Are Shunning Bitcoin Companies

Companies that handle digital currencies are being forced to open bank accounts elsewhere as British banks continue to shun them. Investor interest in digital currencies has surged this year with bitcoin’s price rising to a record high of $6,200 over the weekend, pushing its market cap to $102.8 billion. Yet, despite this traditional banks remain … Read more