- The European Central Bank is reacting to rising interest rates in the world, particularly in the United States, by stepping up to increase security purchases.
- The eurozone and other countries in the world are out of sync with the United States in terms of achieving economic recovery, and this is pushing government policy makers to edge.
- The world is in disequilibrium, and this is resulting in governments operating along different paths, leading to rising stock prices and the issuance of more and more debt.
- Where this will end is not known because the uncertainty about the future continues to rise.
For further details see:
The European Central Bank Responds To Rising U.S. Interest Rates