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Former ECB President Trichet: Market created more expectations than were in the cards

Jean-Claude Trichet on Bloomberg:

  • He wouldn't say the ECB failed today
  • Market created more expectations than were in cards
  • Short-term reaction should be considered important
  • The ECB took serious action today

Ok, you can always blame the market. But a month ago the market wasn't expecting a big round of stimulus. Then Draghi went and stoked the fires. I don't know if Draghi cares but if we're blaming someone, it should be him.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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