Michael Nicolletos

And they're going to make the mistake and they're going to figure out the problem later.

Two rate hikes for the year.

We're talking about the continent who decided to depend all its energy resources on Russia, right?

Russia's our friend.

We're talking about the people whose head of the ECB is a lawyer.

Let me ask you something.

Why can't I be the head of the... I don't know what the medical association is in the US or anywhere.

Why can't I be the head of the medical?

Because I have no

fucking clue of what to talk about i have about health i've studied economics i've studied international relations i can't be an expert in medical issues why can lawyers be an expert on economic issues which are in this case pretty complicated i agree with you

A, B, the ECB is being pressured by countries which see inflation, are afraid because their constituents do not understand why inflation is happening.

They want to reduce inflation for political reasons, and they feel this is the way to do it.

Europe is consistently shooting itself in the foot, so why not do it again?

I hope they don't miss their foot.

Their track record is pretty impeccable, with Mr. Trichet doing the biggest mistake of all, I might remind people.

So for those who want to go back to history, they should see what Mr. Trichet did during his tenure with interest rates.

So I think we're going to see another similar moment.

Okay, I'll give you a few facts and then I'll give you a few ideas.

Now, I will not bash on the Germans, but I'll make your life easier by quoting Henry Kissinger, who famously said in the 80s or 90s, I don't remember, the famous quote, when I call Europe, who do I call?

I think that question is still unanswered.