If Fed does something wrong, copying does not make it good.

For those that say “the Fed does it too”

1) Fed balance sheet 36% GDP, ECB 46%
2) USD world reserve currency, Euro is not.
3) Fed does not inject more than global USD demand. ECB a lot more than EUR demand
4) If Fed does something wrong, copying does not make it good.

Regards

For those that say "the Fed does it too"

1) Fed balance sheet 36% GDP, ECB 46%
2) USD world reserve currency, Euro is not.
3) Fed does not inject more than global USD demand. ECB a lot more than EUR demand
4) If Fed does something wrong, copying does not make it good.

Regards pic.twitter.com/icJwjyeg0b

— Daniel Lacalle Official Account (@dlacalle_IA) June 5, 2020

Euro always bounces on hopes of a miracle from stimulus… then reality kicks in pic.twitter.com/OUG0HZ5uap

— Daniel Lacalle Official Account (@dlacalle_IA) June 5, 2020