Sorry, Mario. Looks like September is looking less and less feasible.
Oh well. 😥
Witness the power of CSPP.
Even without the Italian jitters, you do not want to be tightening policy into a slowdown and again, this just underscores the risk inherent in persisting in accommodation for years upon years…
Some folks are skeptical.
Populism strikes again.
Nobody say “quantitative failure”.
Remember, “transparency as a way of stabilizing the markets has become a tool of suboptimal control.”
But don’t get any ideas or Draghi will “rip your eyes out”.
You know that “global slowdown” narrative that seems to be gradually supplanting the “synchronous global growth” meme that dominated in 2017? Yeah, so that was reinforced a bit on Monday.
“At what price?”
Down the rabbit hole you go.
It’ll be more interesting than people were anticipating in light of last Friday’s comments from Draghi and recent lackluster econ.
As usual, lots on the docket.