Tag Archives: Mario Draghi

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Cumberland Advisors Market Commentary – Eurozone Economy Risks A Decline With Divided Central Bank

Author: William Witherell, Ph.D., Post Date: October 4, 2019
Cumberland Advisors Market Commentary by William "Bill" Witherell, Ph.D.

The latest September data for the eurozone economy from IHS Markit present a deteriorating picture, with the demand for goods and services falling at its fastest rate in over six years and a deepening recession in manufacturing. Sentiment about the future, affected by concerns about global growth prospects, trade wars, and geopolitical uncertainties, remains at […]

Cumberland Advisors Market Commentary – Draghi Signals “You Go First” to the Fed While Johnson Threatens

Author: William Witherell, Ph.D., Post Date: July 29, 2019
Cumberland Advisors Market Commentary by William "Bill" Witherell, Ph.D.

The European Central Bank (ECB) did not reduce key interest rates at its July meeting ending last week, contrary to the expectations of some observers. This decision leaves the US central bank, the Federal Reserve, to take the lead with a widely forecast rate cut at its meeting this week. However, ECB president Mario Draghi […]

European Growth Concerns Deepen

Author: William Witherell, Ph.D., Post Date: January 28, 2019
Cumberland Advisors Market Commentary by William "Bill" Witherell, Ph.D.

The latest economic indicators reveal that the economic slowdown in Europe persists. President Draghi of the European Central Bank (ECB) has underlined the continued weakness, expectations for softer near-term growth, and downside risks. The International Monetary Fund (IMF) has lowered its economic projections for the euro area. Political uncertainties in Europe add to the headwinds […]