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3min chapter
Felix Zulauf’s Big Calls For 2022 And Beyond
Forward Guidance
The Fed and the ECB Will Play a Role in the Deterioration of Liquidity Over the Next Six Months
The base case seems to be that the Federal Reserve will taper, might accelerate its tapering of its balance sheet. Felix: Since Draghi has lost all credibility, I think it is the worst central bank by far. All they do with their monetary policy is procrastinating the bankruptcy of several governments and they have no goal for stability, etc. The euro is structurally a very weak currency like the Dollaries.
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