A new abyss is looming: President of the European Central Bank 🚨
There are those who think that it is not an abyss, but rather the very grave that Central Banks must fill with printed money.
The yield on the 10-year European debt hits a new maximum today.
War Inflation: If the rise is due to energy and supply costs (war), the ECB is left without tools. Raising rates to curb supply-side inflation only accelerates the recession without lowering prices.
Fragmentation of the Euro: We would see how the "spread" (the difference) between the German and Italian bonds skyrockets. This would force the ECB to activate the TPI (Transmission Protection Instrument), which is basically printing money to buy bonds from troubled countries while trying to drain liquidity on the other side. A total contradiction.
They can only pray that the bond does not exceed 4%, which it will over time.
Bitcoin will shine when the moment of response arrives.
