Financial Times/Martin Arnold/11-16-2022
“A toxic combination of recession, soaring inflation, rising funding costs and lower liquidity is threatening to trigger financial market turmoil in the euro area, the European Central Bank has warned.”
USAGOLD note: ECB warns of an impending crisis brought on by high inflation and a “growing likelihood of a recession.” Oddly, it warns itself to “be prudent in starting to shrink its €5 trillion bond stockpile next year.”
