Eurozone GDPs are plummeting and they entered a recession. There is not much firepower left for fiscal stimulus as policy has driven the states further into debt. The bond market is now outstripping the ECB's money printing, and the BoJ is putting more pressure on the ECB.
https://image.nostr.build/9ef2c40c51e2eafef0b357572cbbb18096ae536439092bc58e8fe0d576408a6c.jpg
And the vaults are almost empty of even the pretend money…
Do You watch the Euro and Yen falling to the USD today? Oh oh oh
Not in any detail. I thought that was more to do with BoJ loosening it’s grip on yield controls, itself a response to US treasury yields. Obvious knock on effect to the ECB but not directly their fault…
Exactly. Besides this the Euro Commies now are officialy in recession.
Germany will ride to the rescue… oh no, wait, they shot their horses for food and glue…