The Hateful Eight.
Lucky number 8.
Lucky number 8.
Of populism, hegemony and Western democracy.
Dovish rabbit out of a hawkish hat.
Well, say what you will about the relative merits of Jerome Powell’s “plain English” approach to press conferences, but Mario Draghi just delivered a clinic in how to do this “right.”
And there it is, folks. At least you’ll get €15 billion/month through December and a commitment to keep rates on hold through next June.
Calibrate your expectations accordingly.
Down the rabbit hole…
As everyone holds their breath…
“Milk was a bad choice”.
I doubt it, but as Trump would say, “we’ll see what happens”…
A can kick to next month is about the best you can hope for when it comes to an announcement on the future of QE.
The main event cometh.
Maybe nothing. Consider it unresolved.
Aaand that’s the week.
Spoiler alert…
“I am just back from a two-week trip to Lake Tahoe and Yosemite/Sequoia Parks”…
This should have been an uneventful day, but alas.
Don’t panic.
Muddling through, where that means: voracious rally.
“…re-risking is likely to continue during the summer as volatility stays contained and investors increase equity positions.”
“It’s clear that next week the Governing Council will have to make the assessment.”
A listless Tuesday.
Put on your tinfoil hats and let’s make some damn money.
“Unanimous concern and disappointment” and deteriorating sentiment despite a bid for the periphery.
Shifting alliances, political turmoil, conspiracy theories and just the usual crazy shit.
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