Dear Investors,
Raised eyebrows yesterday as the European Central Bank after having declared to be responsible for climate actions and the economy now also seems to be giving investment advice.
What happened?
On this slide made public, the ECB says that Europeans stocks are less overvalued than US stocks.
Now this may be true but as with climate and economics it is not the role of the ECB in any kind to point this out. The ECB's task is to monitor and control inflation and not have an opnion on the stock markets.
And inflation is where they have issues to handle. The ECB writes we have 1,8% inflation and it is temporary (but cannot document why it is temp) and the OESO arrives at over 3%.
What do you think? Is the FED sticking to its role or also think they have to control the world?
Goldrooster