Another Central Bank Pause Button

More central bank actions have paused a crash just as it was about to get going.

The next 3 weeks are once again going to be crucial. The European Central Bank (ECB) is on the hook to deliver a considerable amount of new monetary policy goodies this coming Thursday Dec 3rd.  It had better impress.  If not, the Fed won’t be able to hike interest rates on Dec 16th and would be painted into a corner wherein it would not be able to raise interest rates -continuing the charade that the U.S. economy is healthy and reaching “escape velocity”.