ECB and Fed: Powerless against the crash? Video outlook (german)

The ECB and the US Federal Reserve have, in a way, turned the next page in the Lehman script tonight! The ECB is pumping 750 billion Euros into the markets through a kind of “pandemic QE”. The Fed’s next step is to allow the US money market to function (to further facilitate short-term financing of companies). Nevertheless, stock markets in Asia have sold off. Especially commodity countries and commodity currencies are coming under strong pressure. Why? Perhaps because the markets have looked behind the curtain of Potemkin villages constructed by the central banks? Today will be decisive as to whether the ECB and the Fed can still control things – or not. If not, the tsunami will continue unchecked.

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