On Mario Draghi and the Eurozone Economy
Mario has put out options for a new stimulus package aimed to boost the Eurozone economy. The question was when not what, and that hasn’t played well with the US president constant attack on the Feds. If Mario pulls this through before he leaves office, he might have to see the effects from outside the agency.
I’ve always been of the opinion that the EU being a bloc has undermined its collectivity status by downplaying some dynamics that might seem insignificant, and what that does is, it creates a bubble that shows how anticipation/expectations are different from reality. We’ve seen this before, the market for the past two QE hasn’t really responded to it. So, why would the market respond now?