(Zero Hedge.com) When last Thursday morning the ECB, widely expected to unleash an epic bazooka, instead revealed the tiniest of water pistols, it did not only impair its own credibility and “forward guidance”, it sent a shockwave through the markets by not only slamming European equity markets, but by send the Euro currency soaring by 3% or the most since 2009. To be sure, Mario Draghi did try to engage in some unprecedented market jawboning, when he admitted he was trying to talk markets up (“Not really… well of course”) but by then it was too late and the damage had been done.
The Biggest Hedge Fund Casualties From The ECB’s “Shocking” Disappointment
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