Will Central Banks Ruin Christmas?
Real Vision: Finance & Investing
Real Vision
4.1 • 1.1K Ratings
🗓️ 15 December 2022
⏱️ 37 minutes
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| 0:00.0 | Hi, guys. This is Andreas Stino, sending to you live Thursday, December 15th. I am live |
| 0:12.5 | all week at the real vision daily briefing throughout this interesting week in Central |
| 0:18.1 | Bank space. And therefore, we are going to ask the question today, have Central Bank's |
| 0:23.2 | ruined Christmas? We are basically swimming in a sea of red in markets today in Nasdaq |
| 0:28.8 | down more than 3% and it looks red across the boats, even in Bonn space in Europe, where |
| 0:35.8 | we had the European Central Bank out with a very focused message earlier today. So we |
| 0:41.3 | need a steady hand to guide us through these troubled waters. And I know a steady hand |
| 0:46.6 | out there, namely Tommy Thornton, the founder of Hedge Fund Telemetry. It's a great |
| 0:51.8 | pleasure to have you back at the daily briefing, Tommy. |
| 0:54.9 | Well, thanks for having me and I'll do my best to try and stay steady. It's a very, very |
| 1:01.6 | difficult market. It's been that way all year. And I know there's a lot of people that |
| 1:05.9 | have basically said, I'm shutting down and they've packed it up for the rest of the year, |
| 1:10.3 | which is probably not the worst idea. I'd like to do that, but I'll be here every single |
| 1:15.4 | day, knocking out just like I always do. |
| 1:19.7 | Tommy, I know you watched the European Central Bank earlier today and staying in this Christmas |
| 1:25.5 | mood. I want to ask you initially, did Christine Lagotte just play the role of the Grinch ahead |
| 1:31.3 | of Christmas here? |
| 1:33.5 | She was a very tan Grinch, but I'll tell you this. I don't think I can remember a time |
| 1:41.5 | where the ECB has ever been this hawkish. And if they've ever given some sort of hawkish |
| 1:48.1 | comment, they will, you know, they'll do something else like like the lower rates and, you |
| 1:53.9 | know, quarter point or something here and there. Do something, you know, it's a passive aggressive |
| 1:58.0 | approach that the ECB has always taken. So as we were talking briefly before, you said |
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