Explaining the inexplicable

| Mar 27, 2019 at 12:00 AM

* There are ECB speakers everywhere today. Soon-to-be-replaced President Draghi and outgoing Chief Economist Praet head the list. Sentiment data allows a cautious outlook. Actual economic data allows a positive economic outlook. (The gap between sentiment and real world data is very wide). Speakers can explain the outlook however they want. * US President Trump’s […]

Explaining the inexplicable

| Mar 27, 2019 at 12:00 AM

* There are ECB speakers everywhere today. Soon-to-be-replaced President Draghi and outgoing Chief Economist Praet head the list. Sentiment data allows a cautious outlook. Actual economic data allows a positive economic outlook. (The gap between sentiment and real world data is very wide). Speakers can explain the outlook however they want. * US President Trump’s […]