42 sats \ 6 replies \ @jp305 25 Apr \ on: US data is a shock for the ECB econ
What are the options for the ECB? Isn’t that the problem for Canada?
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8 sats \ 0 replies \ @TomK OP 25 Apr
I doubt very much whether the ECB still has any options. the clamor for the return of Mario Draghi is no coincidence! they have to decide whether to save their currency or the state finances by buying more and more bonds. the same basically applies to Canada. both are actually trapped. They are dying fiat currencies
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0 sats \ 4 replies \ @Cje95 25 Apr
ECB did just cut rates if I am remembering correctly so they could if necessary undo them.
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0 sats \ 3 replies \ @TomK OP 25 Apr
When? Today?
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42 sats \ 2 replies \ @Cje95 25 Apr
I want to say their last meeting… let me check!
I was wrong it was just a group of the 12 that wanted immediate cuts! Switzerland was the country who did do cuts that I might have mixed up with
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0 sats \ 1 reply \ @TomK OP 25 Apr
No. Last they just fu..ed around
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42 sats \ 0 replies \ @Cje95 25 Apr
Yeah based on my quick read over we had Switzerland cut rates while Japan increased them (taking them out of negative territory for the first time in forever), Nigeria, Turkey, and Malaysia (increased theirs yesterday) hiking rates. I'd assume at least in the US we are going to get a 25-basis point hike before we get our first cut... and our cut is likely to just be cutting that single hike
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