I thought the purpose of ECB was to secure price stability and not to promote energy politics.

Lagarde: Towards an orderly energy transition

Yesterday I went to my vegetable-pusher in 16 arr. 12 euro for a small melon. What the feck is up ((:

Household consumption of goods fell back in August 2023 (-0.5%)

Economy is super strong ((:

US Pending Home Sales Tumbled 7.1% in August

I can only speak for myself. But as a european things doesnt look too bright near term. Inflation has come down to a great extend but recent spike in energy may push it up again. Regardless of what happens this is out of ECB control and I am afraid ...

Gross Domestic Product (Third Estimate), GDP by Industry, and Corporate Profits (Revised), 2nd...

My take is that it will keep tanking as credit conditions worse. I am not convinced it will cause oil and gas to drop cause the spike in those are not caused by strong demand but due to our friends in Saudi.

Gross Domestic Product (Third Estimate), GDP by Industry, and Corporate Profits (Revised), 2nd...

Its already ugly. But I am sure it will get uglier. Funny as the ECB try to sound like the FED. There are miles between the US and the EU economies. Althoigh I believe the strength in US is to a large degree driven by government deficit.

ECB's Nagel: More ECB hikes may be on way if data indicates need

Just this week (or last week) Legarde claimed that recession is not their base case. Wonder what the base case is then?

Consumer sentiment: No recovery in sight for 2023

No recession and no cuts. Just like there was no hikes right until they hiked the sh... out of it.

ECB’s Lagarde: ECB is Not Talking About Rate Cuts

Thats a wrong understanding of lower inflation. Lower inflation means that prices are growing but at a slower (normal) pace. So prices as they were are gone but it has stabilized.

Core Inflation Gauges Are Falling in US and Euro Zone

Here we go. First to talk about cuts while Lagarde is still talking higher for longer. freak show ((:

ECB's de Cos: We certainly can't rule out cuts. I do not want to and cannot confirm them...

Thats an issue that ECB will face as long as it exists.

French economy contracts at strongest rate for almost three years in September

There is no way ECB will stay higher for longer. Our economy is down the drain and its clear to everybody. EU is finanzed with variable debt and therefore the hikes hit much harder here than in the US. So consumers are suffering and obviously that ...

French economy contracts at strongest rate for almost three years in September

Just yesterday FED hiked again and todays story is that DOTs show rates to remain at this level through 26 at least. How will the numbers look in 26? Yes, you got it ((:

September 2023 Manufacturing Business Outlook Survey

I am stopped out of DAX= triple unbelivable

Empire State Manufacturing Survey

Damange done already.

ECB Watch: Dovish hike

Its not the .25% but the 10 times hikes. At some point EU will eventually reach a point where people and businesses cannot pay their bills. The irony is that it will not give us cheaper gasoline at the pump. We are already in recessionary territory ...

Monetary policy decisions

I am all in favor for a green revolution. But as long as we are oil-driven we might as well pump it ourselves instead of being dependent on the Saudis. To the pumps....

Consumer Price Index - August 2023

As Iread this its driven a lot from oil. Not necessarily strong demand but weak supply. What will another 25 hike do? Slow down economy. Sure. What will the saudis do (until us election). Cut another million of barrels. Its becomung circular.

Consumer Price Index - August 2023

Youvthink the move up in oil is driven by strong demand or less supply?

GDP monthly estimate, UK: July 2023

Do I care about EU Horizon? Well, in the context of the problems UK are facing, No I dont. So rest your case.

BOE Gov. Bailey to Treasury Select Committee: Many of the indicators are showing that...