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If there have been a lot of central bank action (the wrong way), there's plenty of reasons for it. Starting with the fact that everywhere you look you see the same pattern, the same things, the same weakness...and cause.
Euro$ #4 is looking nastier. Starts with Europe (ECB).
Euro$ #4 is looking nastier. Starts with Europe (ECB).
Jay Powell said last week the US needs a(nother) rate cut even though it doesn't need a(nother) rate cut. It's not what they say, it's what they do.
The rest of the world is going along the same way.
Which includes the Chinese. The (euro)dollar is the common enemy of everyone. It doesn't look like anything is being turned around in China, and, in fact, it looks like things can/will still get worse.
Therefore, are central banks overreacting? Doesn't seem like it. They have good reason to be worried.
Now, if only they would realize there's nothing they can do about it then we'd be getting somewhere.
alhambrapartners.com/2019/09/09/is-…
Now, if only they would realize there's nothing they can do about it then we'd be getting somewhere.
alhambrapartners.com/2019/09/09/is-…
