Our Central Bank (ECB) has officially entered the Twilight Zone. The actions announced on Thursday (March 10th, 2016) were unprecedented. Not even Japan has gone this far before. The confusion and disbelief among journalists in the press conference was palpable.
Read MoreItaly will never go cashless, unless cash is banned
In Italy cash is king and I mean real physical paper money and metal coins. This is not just my observation – European statistics show that cash is more important only in Romania and Greece.
Read MoreNIRP. A Disgusting Four-Letter Word
ZIRP and NIRP. Not so long ago they were just economic theories treated with curiosity and disbelief. Now they are reality. The words are acronyms for Zero and Negative Interest Rate Policies. NIRP is the ultimate manifestation of stupidity in the global financial system.
Read MoreTo hike or not to hike and why should you care?
Next week the Fed will decide whether or not to hike rates for the first time since June 2006. Polls by Reuters and Bloomberg show that the vast majority of market participants expect a rate hike. Any remaining doubt was erased by the positive jobs numbers a week ago. But every time there's a strong consensus about something, there's a chance for a big surprise.
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