Commodity Trade Mantra

Posts Tagged ‘Asset-Backed Securities’

China's Massive Debt Problem Is About Get Much Massiver

PBOC has announced that regulatory approval will no longer be required to issue ABS. Market players now expect ABS issuance to more than triple to 1 trillion yuan ($161 billion) this year. This means China’s massive debt burden is about to get massiv-er, as banks use ABS issuance as a pressure valve to free up lending capacity.

The ECB "Models" €1 Trillion Euro QE

The ECB left all policy rates unchanged at the end of its policy meeting yesterday. At the press conference, however, President Draghi left the door open to additional conventional and unconventional measures, should the medium-term outlook for inflation deteriorate further.

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