Couple of interesting charts, courtesy of @Schuldensuehner on the ECB balancesheet expansion:
First the target to be reached over 2015-2016:
Do notice the flat-lining of the balancesheet from the start of H2 2014 on, despite the deflationary pressures building up and ECB rhetoric pushing forward balancesheet expansion as being the 'silver bullet' rising proportionally.
Next, Nomura's estimates on how the target of leveraging up ECB balancesheet can be reached:
(click on image to enlarge)
First the target to be reached over 2015-2016:
Do notice the flat-lining of the balancesheet from the start of H2 2014 on, despite the deflationary pressures building up and ECB rhetoric pushing forward balancesheet expansion as being the 'silver bullet' rising proportionally.
Next, Nomura's estimates on how the target of leveraging up ECB balancesheet can be reached:
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