World-Economy Update: 100% Relevant Info for Crypto Geeks
"As he spoke inside a renaissance palace in Naples, riot police doused crowds of protesters on the street outside with water cannon."
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/11137502/Mario-Draghis-QE-too-little-for-markets-too-much-for-Germany.htmlThe trick to good analysis is to keep it cool, muted:
# China's economy just keeps slowing.
# QE in the US finishes this month. There must be consequences. Huge Debt + rising interest rates is a diabolical equation.
# Japan's policies aren't going well -- 20 years not well.
# The EM currency crisis affected 50% of the world's population, but hardly anyone noticed.
# The sanctions against Russia will continue to weaken its economy.
# The Eurozone economy is at a crossroads. France and Italy's economies are systemically failing. (56% Italian youth unemployment in places.) Germany is a teaspoon short of recession.
And Mario Draghi, the Big Promises Guy from the ECB, is bein' called out by the Germans:
he doesn't have the $USD 1,000,000,000,000.00 he thought was in his other trousers.
# Early days yet, but both oil and stock prices are weakening.