
MacroVoices #345 Daniel Lacalle: The Situation in Europe is Worse Than You Think
Macro Voices
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The Pivoting Is Not Going to Work
Central bankers have designed a way out to combat inflation that was clearly built to be perceived as hugely a commodity and see all investors suddenly going to panic. The problem is that the market is extremely tied not just to lose monetary policy which is what we have today but to incrementally lose monetary policy.
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