MacroVoices #345 Daniel Lacalle: The Situation in Europe is Worse Than You Think
Macro Voices
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Central Bankers Are in a Moment in Which They're All in Shock
Most central bankers are in shock seeing markets collapse when they know that their policy is monstrously accommodative. They're going to pivot but we should not think that that is the catalyst for markets to strengthen, he says. The balance sheet of the central bank continues with reverse repo operations continuing with liquidity injections like the central bank of England and Japan etc.
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