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Let Her Run: ECB Throws Caution To Wind With Laissez-Faire Approach To Surging Euro
Anyone who went into the September ECB meeting thinking Christine Lagarde would jawbone the euro low
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If the Germans want to sell more cars…..more fiscal stimulus. It may be time for the Euro Zone to surge military spending, all things considered, which I personally find disappointing.
If Euro still gets stronger then MMT may be in play for Europe.
EU countries will not substantially increase military spending. There is no public support for such spending nor are the funds available absent MMT.
Even if MMT is deployed across the EU a significant boost in military spending is not a high priority. It is worth remembering that the Russian economy is now smaller than that of Italy or Brazil.
Cyber defense and policing buildup, on the other hand, is likely to be a priority in all parts of the world.
What does jawbone mean
To talk down (or up). From Judges 15:16 – “And Samson said, With the jawbone of an ass, heaps upon heaps, with the jaw of an ass have I slain a thousand men.“
Really, you thought the bible applied. “Jawbone” means to persuade using speech.
I didnt read this until after todays close. Evidence would support the idea that LaGarde speaks softly and wields a big stick