Is Europe About To Get Double-Stimulus?
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Some quick thoughts on Europe.
This morning the Eurozone got two notable datapoints.
Unemployment hit a new all-time high.
And inflation fell to 1.2%.
With unemployment this high and inflation this low, the obvious thing is for the ECB to cut rates. And though the ECB probably should have cut rates awhile ago, a rate cut this Thursday now seems like a done deal.
It's possible the ECB will even do more than a 25 basis point cut.
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