Thanks a ton Eddie ( our Luongo Watcher)

Canada raised rates by 1% the other day, prompting comments about it having to follow, if not one-up, the Fed. Clearly, the Canadian banks have had enough of Justin TrueDOH! and his Ukrainian Fifth Columnist, Davos chick Chrystia Freeland.

And next week, the Fed will raise the stakes again on Lagarde regardless of what she said today. TPI is unusable garbage which traders will front-run her into oblivion over. If she wants to know what that feels like maybe she should talk with Kuroda over at the Bank of Japan rather than her data-driven experts in Brussels.

https://tomluongo.me/2022/07/21/ecb-raising-rates-is-europes-last-chance-to-avoid-ground-zero/