Confirmation Of Recession: The ECB Raises Rates
Twice before the ECB raised rated to combat inflation. Both times, the move down was in. Once again, the ECB joined the party, raising rates this week. However, like the previous times, they are joining a collapsing bridge.
In this video I discuss how the ECB did this in July 2008, in between Bear Stearns and Lehman. Not exactly the time to start tightening as it turned out.