The chart below looks more like a modern work of art than a nice, smooth economic growth trajectory.....a lot of bouncing around in the new normal - everywhere.
Continued central bank involvement in monetary "creative arts" appears to be confirmed - not only in the Euro-zone but also in the USA.
Will 1.00% GDP growth be the new 3.50% of the past?
And now for the quote of the week:
"Central bank liquidity is there, growth is low but inflation is also low, which is a pretty decent environment."
Michael Leister, senior rates strategist at CommerzbankChart Of The Day
