ECB Prints, European Banks Languish, No Cash For US

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European banking data continues on a slow growth or no growth path. The weak sister countries show no sign of turning around.

At the end of October the ECB announced that it would cut QE to €30 billion a month in January 2018. That’s a 50% cut. The media is treating it as it’s no big deal. But I think it is. I think that without that extra €30 billion, we’ll see even slower and maybe even more shrinkage in the deposit data. That’s money that will no longer be available to feed the US financial asset bubble.

Here are the ugly facts and ugly charts.

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Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also provide analysis and charts for David Stockman's Contra Corner which I developed for Mr. Stockman. I’ve had a wide variety of finance related jobs in the past 44 years, including a stint on Wall Street in both analytical and sales capacities. Prior to starting the Wall Street Examiner I worked as a commercial real estate appraiser in Florida for 15 years. I also worked in the residential mortgage and real estate businesses in parts of the 1970s and 80s. I have been charting stocks and markets and doing analytical work since I was a teenager. My perspective is not of the Ivory Tower. It is from having my boots on the ground and in the trenches of the industries that I analyze and write about today. 

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