The problem with the ECB is that they have a kind of dogmatic truth and that in Europe there is not a single journalist, economist, or politician who dares to doubt Lagard's dogmas.
Europe is living under the dictatorship of the ECB and nobody can do anything about it. There is no more democracy in Europe. A few bureaucrats decide everything. That's the main reason people in France no longer want to vote.
Let's short the Euro before the revolution against the ECB dictatorship starts. But at good levels.
Mtl JP 11:01:32 GMT - 09/24/2021
PAR best side to sit on is the side of profitto
best profits are speculative ones, specifically those that produce nothing of value in or to society, just oprtimize - or sometimes - maximize profits by any means. especially pleasingly rewarding are speculative profits playing the ECB's or Fed's free money
PAR07:45:43 GMT - 09/24/2021
The ECB became addicted to the flow of money negative interest rates sends in her direction. the ECB itself is the biggest beneficiary from negative rates. They party like never before.
Most likely ECB can no longer function without this flow of money and will need to search for new sources of income if negative rates eventually stop. That's one of the main reasons Lagarde will never raise rates even if inflation gets to double digits.
What you say depends on where you sit
PAR07:26:32 GMT - 09/24/2021
Inflation may be transitory but people can no longer pay their bills now.
What do we do? Stop paying our bills and wait till prices come down?
That seems to be Lagarde's solution to inflation.
PAR 06:23:26 GMT - 09/24/2021
Lagarde still in denial of inflation pressures.
In the meantime Draghi and other leaders are spending € billions of the European grants they received to restructure their economies on subsidies for electricity as people can no longer pay their bills.
Offcourse Lagarde never has to pay a bill as everything she spends
is paid by European taxpayers.
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Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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