Imagine a real downturn emerges. The ECB, by insisting on negative rates and QE so long, has opened itself up to having virtually no ammunition left to respond.
How is that responsible?
How is that not a complete policy failure?
Chart via @Schuldensuehner pic.twitter.com/09XG0YBmiG
— Sven Henrich (@NorthmanTrader) November 23, 2018
BANK OF ITALY WARNS OF RISKS FROM LOW GROWTH, HIGH PUBLIC DEBT
Bank of Italy is an EU mouthpiece
— MineForNothing (@minefornothing) November 23, 2018
Bank of Italy sounds the alarm over banks’ stability t.co/qqyGVahW3w
— LiveSquawk (@LiveSquawk) November 23, 2018
— Bloomberg Markets (@markets) November 23, 2018
Spain CDS soars to YTD highs as budget shows massive inconsistencies
-Spain is not too far behind Italy. Where have all the ECB QE gone for the last 3 years? t.co/mfWrN9DTmJ
— Kerberos007 (@kerberos007) November 23, 2018