$E-mini NASDAQ 100 Futures(SEP4) (NQmain.US)$ The ECB cut ra...
The ECB cut rates for the second time, as expected, though amidst a strong bond/bund market rally that has now completely un-inverted that yield curve. This comes at a time when major businesses like Volkswagen are thinking about closing down factories due to how much idle capacity they have. What links all of these together, what explains all the facts, is that there was never a global recovery, only a transitory price illusion.
Eurodollar University's Money & Macro Analysis
Volkswagen 2023 Annual Report Income Statement
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Volkswagen 2019 Annual Report
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Twitter: / jeffsnider_edu
Twitter: / jeffsnider_edu
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