Market Talk – April 18, 2024
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 increased 117.90 points or 0.31% to 38,079.70 Shanghai increased 2.84 points or 0.09% to 3,074.22 Hang [...]
It’s Not a Banking Crisis – This is Just a Learning Process says ECB Member
QUESTION: Mr, Armstrong, Just how stupid do these leaders really think we are? The ECB Governing Council member Ewald Nowotny said there is no banking crisis. “We are in a transition and learning process.”
KR
ANSWER: Well they think we are stupid, and the press is either brain-dead or corrupt. It is unbelievable. However, if we are in a “learning process” through the mess, isn’t that admitting they do not know what they are doing?
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