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Wednesday is off to a fantastic start with friendly inflation data leading things off at 8:30am and a much more friendlier media conference from European Central Bank (ECB) president Mario Draghi. The ECB didn't make some policy changes, but Draghi's tone hasn't altered in the previous meeting. He reiterated a gloomy stance with inflation and lower growth . Especially, he stated that inflation must bottom out in September and that growth headwinds are temporary, but what are you going to state if you're the 2nd central bank in the world? “Hey guys… we're Tail and nothing else we can do will avoid recession?” In other words, Draghi has been as gloomy as any central bank might be and has been. Any more Favorable and…(read )

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