Competitive Devaluation
1 year ago
1 MIN READ
My American friends can relax that their Central Bankers are not the only ones with a big mouth. ECB’s Stournaras said that the ECB shouldn’t be afraid to shift its “overly prudent” stance on interest rates away from that of the Fed. He later said that:
“NOW IT’S TIME TO DIVERGE.”
I know what he meant with this statement, but I’m afraid all that the market will hear is:
“NOW IT’S TIME FOR THE EURO TO DIVERGE”
I put the rest of his comments in Meme Format for traders with ADHD.
