European Central Bank

Let’s Add Salvini’s Return to the Growing List of Europe’s Problems

When Matteo Salvini’s Lega won the state elections in Umbria in late October few, if any, noticed. Lega and the Brothers of Italy and Forza Italia took at whopping 53% of the vote, with Lega taking 37%.
It was this result that should have had everyone in Brussels worried. But since they had just gotten finished patting themselves on the back for maneuvering around Salvini’s attempt to force an election the month before, the news quickly moved to the back burner amongst all of the Brexit drama.

The Disaster of Negative of Interest Rates

President Trump wants negative interest rates, but they would be disastrous for the U.S. economy, and his objectives can be better achieved by other means. The dollar strengthened against the euro in August, merely in anticipation of the European Central Bank slashing its key interest rate further into negative territory. Investors were fleeing into the […]