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Joined Jul 2012
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Status: Member
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Online Now
It's so easy to understand!
Demands for interest rate hikes are appeased and rate hikes can continue to be sat out.
In trading, you would say that you missed entering the trade after a strong signal and are now chasing prices.
Regarding the ECB, I would say that you already saw strong signs of inflation last year.
But "Your Majesty", our dearest Madame Lagarde, missed the start of the phase of interest rate hikes that was recognizable and necessary for everyone.
This lady, who is obliged in her outstanding office to ensure price stability, has failed completely and now has to "pant after the courses (inflation)" with her equally miserable adjutants.
She is a central banker on paper. Actually, she is just a bad seller of ECB politics.