Here Comes Another Pied Piper

Incoming ECB President Lagarde: Threat against trade is the biggest hurdle for global economy

In an interview with CNBC, incoming President of the European Central Bank Christine Lagarde argued that the threat against trade was the biggest hurdle for the global economy.

Meanwhile, TD Securities Analysts Note:

“Overall, the weakness in Eurozone manufacturing in particular was quite surprising given the lack of bad news on the trade war front over the last few weeks. We thought that would have given some room for at least a short-term bounce in manufacturing sentiment, but it seems like the weakness is too far entrenched to benefit from a less dire news flow.”

Hey, Christine, maybe the Eurozone economy is weak because the ECB and EU Council under-perform.