Here are the post positions for the Belmont Stakes as of Monday, July 31.
Here is the list to track the current top-ten horses in each race:
The European Central Bank’s quantitative easing measures (QE) might be too weak, according to a recent note from Barclays. This has been a concern among many economists since at least 2011. The bank’s chief economist, Ian Roberts, writes that QE in Europe’s most market-cap heavy economies could, if left unchecked, hurt their domestic economies.
“We expect that, while QE in Europe will probably be a drag on growth in the medium term, this may be ameliorated by further policy easing (a la Europe) in 2017,” Roberts writes.
These findings come as the eurozone is on pace to grow by 7% this year, below the EU’s overall forecast of 6.2%. This will likely hurt the economies of northern member states like Germany, France, and Spain, which will see their borrowing costs spike as a result.
Read more “The ECB’s QE is only helping to inflate the eurozone debt bubble: Bundesbank”
In recent weeks, Europe has faced calls from Greece’s debt protesters to cut off European Central Bank stimulus efforts. Earlier this month, Greece’s Finance Minister Yanis Varoufakis told CNBC that if Greece were to leave the eurozone it would be “catastrophic for Europe” and that if his country didn’t have more money, it would default. It was an aggressive statement: “If Greece leaves the eurozone we are going to have a real crisis in Western Europe. If we leave the eurozone, that risks the European economy.”
However, it’s unclear whether or not Greece is actually leaving the eurozone. While Greece may want its new government to be stronger and more democratic, it also may not have the ability to force the eurozone’s creditors to make fundamental changes. And the IMF remains skeptical enough about Greece’s ability to repay its debts to make such a move as the eurozone’s next step. Still, these calls highlight the fact that the eurozone’s economy is far from healthy.
As the ECB’s QE stimulus policies have increased in recent weeks, the bank has been pushing forward its own asset purchases (AIM). The bank’s buying of bonds could also be a drag: the bank has previously admitted that it “could possibly have an adverse effect on [real] GDP growth,” but this is currently uncertain.
With a growing budget