Liquidity demand and the inflation horror

The Federal Reserve is hoarding Treasuries, interest rates in the US have plummeted and the inflation menace overhangs like a large knife above the American economy. Not at all, points out economist Luis Arroyo.

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Prices in the EU: still stable

Inflation in the euro area remains anchored at 2.4 percent, although differentials between countries are growing. Analysts at CaixaBank warn governments about raising VAT rates to increase income.

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Bernanke 1, Draghi 0

By Luis Arroyo, in Madrid | The US economy is on its way up to the growth heaven while others, like Europe, live under the…

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Markets love inflation

By Luis Arroyo, in Madrid | Look at the USA. In the graph above, left scale, the yields (spreads of Treasuries) of BB corporate bonds…