Dovish Draghi > Dovish Powell

What a mixed-up, crazy world this is.

27
Thu, Mar 7, 2019 - 9:54am

Let's see if we have this straight...

So Count Draghi emerges from his crypt today to proclaim that the EU economy is slowing rather dramatically. He trimmed his 2019 growth and inflation estimates and the result was a sharp drop in the euro as more ECBQE is now expected: https://www.zerohedge.com/news/2019-03-07/euro-tumbles-draghi-admits-sub...

Of course, the euro makes up about 57% of the POSX. So...if the euro falls...then you know the...

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