Hello, fellow Robo capitals hope you're well.

Big AV issues.

I apologize for the late live stream.

We can't get the camera working, we can get the audio,

but regardless, we are here right now to talk about the ECB

and the fact they just dropped rates once again.

We're going to get into the details and then we're going to try to think through what this

means for not just the European economy but the US economy and what the

Fed is likely to do not just in the upcoming weeks but the upcoming months. So let's go right over to

CNBC and get the details European Central Bank cut interest rates again

and lowers growth forecasts.

You see, this is really bizarre

because if you listen to the mainstream media, if you listen to, well Jim

Kramer as an example, or if you listen to a lot of these talking heads that unfortunately

I have to listen to, I don't have to, but I listen to when I'm in the gym.

They're always saying how we're, there's no way we're going to have a recession.

It's just not possible, because what is happening is the Fed is going to drop rates and

when they drop rates everybody knows that's stimulative and that's going to stimulate the economy.

And then they might even sprinkle on a little bit of QE.

And my goodness gracious, if they do QE plus drop interest rates we're not only just going to

avoid a recession but economic growth is going to boom.

This is the pushback, this is the argument you always get.

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