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ECB Delivers Sixth Cut As Europe Prepares To Rearm
The ECB cut rates on Thursday as expected. The question's what to do next.
Inflation's back near ta
Let me guess, got tired of emails suggesting that, by accurately reporting what people have said and done, you were somehow being a Putin apologist? I can imagine the exchange now. “What do I have to say to convince you I’m not somehow a Russia supporter? ‘f-ck Vladimir Putin adn everything to do with him?’ Would that do the trick?” “Yeah, that would do it.” “Fine.”
Nah, it’s always the exact opposite of that. As I hinted at in the monthly, investors are predisposed to Kremlin propaganda thanks to one man’s 15-year-old quest to make macro-market contrarianism synonymous with geopolitical counter-narrative, and unfortunately, that gets echoed by a couple of Wall Street strategists who think they’re being clever, but who’re actually unwitting dupes for the dictator in Moscow. Pointing that out sometimes wins me an “establishment shill” label, which I’ve always been happy to own if that means not being a mouthpiece for a tyrant. So I wanted to make it as explicit as possible.
Completely agree with you there. F-ck Putin.
If only our country, the only one this side of the PRC with capability to really do so, would in fact try hard to fck (as in fck over), rather than make love to, Vlad.
French noises about their nukes and rapid German rearmament (history shows quite possible and effective) might be a start, though…
Strong finish!
…….and Trump for cozying up to him.
(F-ck Putin and his friends)^2
The resurgence of the EU military industrial complex will be:
the base of armed democratic freedom (as the USA once was)
the vortex of the leader(s) of the free world (as the USA once was)
massively inflationary for the global economy
great for the EU economy
in the long run, great for global democracy and humanity as one people
a massive erosion of the US economy
Trump is following the game plan given to him from Putin via Musk. Thankfully these evil sociopaths will be dead soon (maybe not
Musk) and global humanity can progress. Eventually humanity will be past this fraught moment and we will find Pax Europa as our new North Star.