European Central Bank

Staff losing faith in the ability of the ECB’s leadership ability:

Christine Lagarde is a lawyer by training and also has a criminal record:


I think the ECB is choreographing their moves towards supply side economics. Lagging the US moves towards demand side economics.

Whether Lagarde survives in the chair I do not know. She can turn when appropriate towards a regime of higher rates. As I am saying she may want to lag our movements.