, a titanic shift we have been waiting for. The speech itself, im not sure the market misinterpreted it. There was a very clear shift in the tone relative to the last policy meeting. It was quite a dramatic tone. A backslide to explaining how the tightening is not really a tightening, and i think the hope was if you explained it that way, Financial Markets will not get into a tizzy. I didnt read draghis statement on tuesday to be anywhere near as bearish as the market is taking it. Actually i took it the other way. I think it was a signal from draghi that even if there was going to be further support and tailwind in the economy that, economy, that the central bank is still there. They need to get going early here. They are already late getting going. Jonathan eloquent or confusing . Joining me now is jim karen, from Morgan Stanley Investment Management, and from boston, the senior Portfolio Manager with the wells fargo asset management. Lets get to the quote itself. These are the words
, a titanic shift we have been waiting for. The speech itself, im not sure the market misinterpreted it. There was a very clear shift in the tone relative to the last policy meeting. It was quite a dramatic tone. A backslide to explaining how the tightening is not really a tightening, and i think the hope was if you explained it that way, Financial Markets will not get into a tizzy. I didnt read draghis statement on tuesday to be anywhere near as bearish as the market is taking it. Actually i took it the other way. I think it was a signal from draghi that even if there was going to be further support and tailwind in the economy that, economy, that the central bank is still there. They need to get going early here. They are already late getting going. Jonathan eloquent or confusing . Joining me now is jim karen, from Morgan Stanley Investment Management, and from boston, the senior Portfolio Manager with the wells fargo asset management. Lets get to the quote itself. These are the words
Is this the titanic shift we have been waiting for . The speech itself, im not sure the market misinterpreted it. There was a very clear shift in the tone relative to the last policy meeting. It was a dramatic tone. A backslide to explaining how tightening is not really a tightening and i think the hope was, if you explain it that way, Financial Markets will not get into it. I did not read the statement on tuesday to be anywhere near as bearish as the market was taking it. I took it the other way. I think it was a signal from draghi that even if there is further support and tailwind, the central bank is still there. They need to get going early here. Already they are getting going. Jonathan was it eloquent or confusing . Join us our analysts. And from boston, senior Portfolio Manager with the wells fargo asset management. Lets get to the quote itself. These are the words that seem to move markets. This was at the ecb forum in portugal. As the economy continues to recover, the constant
Is this the titanic shift we have been waiting for . The speech itself, im not sure the market misinterpreted it. There was a very clear shift in the tone relative to the last policy meeting. It was a dramatic tone. A backslide to explaining how tightening is not really a tightening and i think the hope was, if you explain it that way, Financial Markets will not get into it. I did not read the statement on tuesday to be anywhere near as bearish as the market was taking it. I took it the other way. I think it was a signal from draghi that even if there is further support and tailwind, the central bank is still there. They need to get going early here. Already they are getting going. Jonathan was it eloquent or confusing . Join us our analysts. And from boston, senior Portfolio Manager with the wells fargo asset management. Lets get to the quote itself. These are the words that seem to move markets. This was at the ecb forum in portugal. As the economy continues to recover, the constant
Is this the titanic shift we have been waiting for . The speech itself, im not sure the market misinterpreted it. There was a very clear shift in the tone relative to the last policy meeting. It was a dramatic tone. A backslide to explaining how tightening is not really a tightening and i think the hope was, if you explain it that way, Financial Markets will not get into it. I did not read the statement on tuesday to be anywhere near as bearish as the market was taking it. I took it the other way. I think it was a signal from draghi that even if there is further support and tailwind, the central bank is still there. They need to get going early here. Already they are getting going. Jonathan was it eloquent or confusing . Join us our analysts. And from boston, senior Portfolio Manager with the wells fargo asset management. Lets get to the quote itself. These are the words that seem to move markets. This was at the ecb forum in portugal. As the economy continues to recover, the constant