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210 sats \ 4 replies \ @TomK 26 Sep 2023
In my opinion they know exactly what they do. They are watching the ECB falling into their sh.thole and letting the Biden gov running against the wall (ycc) until they are out of money. Watch the capital movement from Europe to the US, german de-industrialization, SOFR (split from city of London) and the unwinding of QE by reducing the Fed's balance sheet. The moment their ally BoJ rises faster, the Euro is dead (it's dead now but a dancing zombie)
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20 sats \ 3 replies \ @Undisciplined OP 26 Sep 2023
I agree that it's probably more about waiting for Europe to break first, than hoping the domestic situation improves. A collapsing Euro strengthens the dollar and offsets inflation without needing to raise rates. It's still a bandaid, though, and they have no real exit strategy.
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0 sats \ 2 replies \ @TomK 26 Sep 2023
You know that the ECB is buying treasuries more or less along the yield curve to push down us yields to avoid capital flight and to maintain eu rates low?
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10 sats \ 1 reply \ @Undisciplined OP 26 Sep 2023
It's my right as an American to be completely ignorant of the rest of the world.
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0 sats \ 0 replies \ @TomK 26 Sep 2023
You have no idea of the mental state of the Europeans. You have the right, we have the duty to be totally ignorant it seems
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10 sats \ 0 replies \ @0232cf2253 26 Sep 2023
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