*ECB'S KAZAKS: EURO-AREA RECESSION IS BASELINE SCENARIO
<- first time an ECB GC member says that the recession is baseline
Followed up by…
*ECB'S KAZAKS: INTEREST RATES WILL NEED TO RISE MUCH HIGHER
It doesn't get much more hawkish than this
— Piet Haines Christiansen (@pietphc) November 3, 2022
Live news: Lagarde warns eurozone ‘mild recession’ will not be enough to ‘tame inflation’ t.co/twW8j5h24M
— Alicia Coronil Jónsson (@CoronilAlicia) November 3, 2022
ECB: Recession not enough to tame inflation.
Fed: We are a ways off hiking rates.
Stocks: Lets go higher!?!
— Alexis Brassey (@AlexisBrassey) November 3, 2022
*ECB'S LAGARDE: RECESSION WOULDN'T BE ENOUGH TO TAME INFLATION
If not even a recession can tame inflation, then what can?!
— Dani Burger (@daniburgz) November 3, 2022
Bank of England expects UK to fall into longest ever recession ###
That's called a depression
— The_Real_Fly (@The_Real_Fly) November 3, 2022
This “almost certain” global economic slowdown could signal a death blow for the already ailing world financial system, which is loaded with problems and on the brink of going under. We could see the collapse…