Global market nose dived after the US Fed and ECB both failed miserably to save the market with the same old outdated, unimaginative monetary play book.
Christian Legard failed first with her same all, no rate cut, no credit spread , 120 Billion Euro envelop package.
Then failed spectacularly after firing mother of all bazooka of $1.2 Trillion dollar
$SPX was 7% down before ECB and Fed's intervention and then went down 10% telling central banks and Fed to go and get MRI of their brain.
It is astonishing how people with no brain and no imagination in position of power still think their outdated failed method can work one more time.
I have a news for the outdated thinkers. The days of lazy thinking, easy money, blind leadership and selfing the same unimaginative message is over.
Only one thing can save the global market and the new Ara .
Fresh thinking and Imagination. Something many CEOs don't know anything about.
Welcome to Black Friday