The Phaserl


ECB Warning: More Directed History

from The Daily Bell:

ECB warns of danger from Federal Reserve’s policy shift US decision to scale back stimulus is a potential threat to euro zone economy, says European Central Bank … The ECB said the risks to the eurozone’s financial system from outside the currency bloc had grown since May. – The Irish Times

Dominant Social Theme: Central banks are not aligned. Chaos rises. A beast stalks Bethlehem.

Free-Market Analysis: Have you noticed the disarray? China is squaring off against Japan and the United States over some funny little islands. Israel is furious with the United States over an Iranian pact and may go to war. And now the ECB is facing off with the Fed over monetary easing.

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