“Europe will face a recession, one of the worst recessions it will have faced and I don’t think risky assets are pricing this in correctly” – Securrency Capital
— zerohedge (@zerohedge) September 8, 2022
The ECB delivered a 75 bps hike.
But it still lives in La-La Land when it comes to economic projections.
''Staff now expect the economy to grow by 3.1% in 2022 and 0.9% in 2023''.
— Alf (@MacroAlf) September 8, 2022
Germany's Minister of Economic Affairs.
Allow me to translate that, please:
''I can imagine certain industries to stop producing for the time being. Then they won't automatically be insolvent, but they might stop selling/[generating revenue].''
That's absolutely outrageous. pic.twitter.com/sZ69noJjOB
— Marc-André Fongern (@Fongern_FX) September 8, 2022
⚠️ "Over the next several meetings the Governing Council expects to raise interest rates further to dampen demand and guard against the risk of a persistent upward shift in inflation expectations," the ECB said in a statement. https://t.co/BG2xiJaZch
— PiQ (@PriapusIQ) September 8, 2022
After the interview of the German economy minister and the Vice Chancellor from the Green Party made a round at home, here the interview with English subtitles 👇 Enjoy.
— Michael A. Arouet (@MichaelAArouet) September 8, 2022
Goldman Sachs, $GS, estimates that UK inflation could soar past 20% next year if natural gas prices don’t ease.
— unusual_whales (@unusual_whales) September 8, 2022