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ECB Rate Hike is Kiss of Economic Death [Ep. 269, Eurodollar University]

Eurodollar University

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Is There a Global Financial Crisis in the Offing?

Inflation rates have continued to significantly since the autumn of last year. They are expected to remain well above the level consistent with price stability for a more protracted period than previously thought. The purpose this july in this particular rate hike was to, ok, we can't do much about oil prices. It's kind of surprised us. Consumer prices have gone a lot farther than we thought would. But we need to stop this thing before it gets out of control. We need to stop it before consumers and businesses alter their behavior. Otherwise it becomes entrenched. And at hiking rates this time isn't just wrong, it's completely wrong. Its er, i know that'sit, you know.

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