Jean-Claude Trichet on Bloomberg:
– He wouldn’t say the ECB failed today
– Market created more expectations than were in cards
– Short-term reaction should be considered important
Ok, you can always blame the market. But a month ago the market wasn’t expecting a big round of stimulus. Then Draghi went and stoked the fires. I don’t know if Draghi cares but if we’re blaming someone, it should be him.
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