From Wolf Street, August 10:
Total assets on the ECB’s gargantuan balance sheet as of August 5, released today, dropped by €18 billion from the prior week, to €8.75 trillion. It was the fifth week-to-week decline over the past six weeks.
Assets have fallen by €90 billion from the peak on June 24, to the lowest level since March 25. But given that gigantic pile of assets, the €90-billion decline, which in normal times would seem like a huge amount for normal people, is just a dip of 1%.
The two categories of the ECB’s QE assets – lending related to Monetary Policy Operations and securities holdings – both fell:...
....MUCH MORE
