The tweet was deleted by the author.
But we saved everything 🙂.
Bob Elliott, co-founder / CIO at Unlimited, questions whether the European Central Bank is lagging behind on monetary policy by keeping rates at 2 percent while inflation increases and unemployment remains at secular lows.
Elliott suggests that ECB President Christine Lagarde's response will determine whether the central bank can regain credibility or be viewed as a soft money institution.
Elliott has recently highlighted stress points across developed economies. He observed a cooling in the housing market before the recent rise in long-end yields, citing the March Case-Schiller index in a recent note. Separately, Elliott stated that U.S. households are experiencing pressure from falling real incomes, putting strain on spending patterns as outlined in a previous report.