Zero Hedge: Here Comes The Open Revolt: A Reeling Europe Lashes Out At The Fed For "Bringing Us To A World Recession"
As a result of the Fed's relentless tightening blitz, which on November 2 will have hiked rates by 75bps on four occasions in just 96 trading days, the fastest tightening campaign since Volcker, both US capital markets (the S&P 500 is down -24%, for the 4th worst year on record, only 1931, 1974, and 2002 were worse; and 10Y TSYs are down -17% for the worst year on record... 1987 second worse, and bonds were down -10%) and the US economy have been left reeling.
However, the damage in the US - whose economy is relatively isolated from the knock-on (or is that out) effects of the soaring global reserve currency - are nothing compared to the devastation unleashed by the Fed in the form of the soaring dollar and exploding interest rates. And yet the outcry against either the Soros Biden administration, or chair Powell has been relatively muted (excluding the occasional scathing oped in China's Global Times and fake populist rage-tweet by everyone's favorite "native American", Liz Warren).
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WNU Editor: I am surprised that European leaders are waking up to the fact that the U.S. is protecting it;s own interests. After-all, Assistant US secretary of state Victoria Nuland was very clear a few years ago on Washington views when it comes to the EU ... ‘Fuck the EU’: US diplomat Victoria Nuland's phonecall leaked (The Guardian).
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