Eurozone GDPs are plummeting and they entered a recession. There is not much firepower left for fiscal stimulus as policy has driven the states further into debt. The bond market is now outstripping the ECB's money printing, and the BoJ is putting more pressure on the ECB.
0 sats \ 4 replies \ @carlosfandango 31 Oct 2023
And the vaults are almost empty of even the pretend money…
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14 sats \ 3 replies \ @TomK OP 31 Oct 2023
Do You watch the Euro and Yen falling to the USD today? Oh oh oh
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0 sats \ 2 replies \ @carlosfandango 31 Oct 2023
Not in any detail. I thought that was more to do with BoJ loosening it’s grip on yield controls, itself a response to US treasury yields. Obvious knock on effect to the ECB but not directly their fault…
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14 sats \ 1 reply \ @TomK OP 31 Oct 2023
Exactly. Besides this the Euro Commies now are officialy in recession.
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0 sats \ 0 replies \ @carlosfandango 31 Oct 2023
Germany will ride to the rescue… oh no, wait, they shot their horses for food and glue…
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