pull down to refresh

In a telling display of central planning anxiety, European monetary authorities expressed grave concerns about potential US tariffs. The bureaucrats, desperately clinging to their own interventionist playbook, warn of challenges to their artificial price control mechanisms.
Key officials from the European purchasing power destruction bank (ECB) raised alarms about their diminishing ability to manipulate markets if new US policies strengthen the dollar and introduce actual tariffs into international trade.
The central planners' fears center around:
  • Loss of artificial price control
  • Market-driven currency values
  • Reduced ability to manipulate interest rates
  • Real competition entering markets
  • Actual price discovery mechanisms
Most telling was their admission of being "unprepared" for market forces in 2018 - a rare moment of bureaucratic honesty about their reactive rather than market-driven approach.
In a telling display of central planning anxiety, European monetary authorities expressed grave concerns about potential US tariffs. The bureaucrats, desperately clinging to their own interventionist playbook, warn of challenges to their artificial price control mechanisms.
Key officials from the European purchasing power destruction bank (ECB) raised alarms about their diminishing ability to manipulate markets if new US policies strengthen the dollar and introduce actual tariffs into international trade.
The central planners' fears center around:
  • Loss of artificial price control
  • Market-driven currency values
  • Reduced ability to manipulate interest rates
  • Real competition entering markets
  • Actual price discovery mechanisms
Most telling was their admission of being "unprepared" for market forces in 2018 - a rare moment of bureaucratic honesty about their reactive rather than market-driven approach.
this territory is moderated
143 sats \ 1 reply \ @vsxpioir 12 Nov
European purchasing power destruction bank 🤣 I'm using this term from now on!
reply
I'm honored. Enjoy
reply
47 sats \ 1 reply \ @OgFOMK 12 Nov
I read this twice in one glance. It's nicely written.
reply
Thank You. I need to do some comedy every now and then to stand these people
reply
Wow, shouldnt they be rooting for the usd to become stronger? It will only help them in time.
reply
I think the same too 🤔 just a little time ⏱️
reply