Europe Is Getting Crushed
Whenever they hide the data, the reaction when the data gets known is like this ... you can not lie to market for a too long time
I don't think they were hiding it
I simply think they decided to do what all the others do now - a bit late maybe (US is doing it for more than 2 years - remember that some vice governors were angry at Bernanke not because he started the printing machines, but because he did not ask them for approval) but now we have almost all of them doing exactly the same thing
At least those printers have jobs. See the numbers for unemployed ...
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This is another ugly start to the day.
Remember, yesterday the US took it on the chin. Commodities got crushed and stocks fell nicely on slightly hawkish Fed minutes.
Today: the pain is in Europe.