Tuesday, July 5, 2022

Inflation hits new record in Europe, Reuters begins to tell the truth about why

 But they save it for the last paragraph, which probably no one reads.

At minus 0.5%, the ECB's deposit rate has been in negative territory since 2014.  

The contemplated interest rate hikes are laughably small, and laughably timed for later.

"The house is on fire and we'll get around to sending out a crew next week".