Dollar Rising, Europe Faltering

And it may be that ECB officials feel secure in doing so because this time unlike in the past they can so easily pass the blame on to “external factors.” Once we drop the trade tensions canard, and more appropriately substitute “rising dollar”, the ECB Account might actually account.

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.