Afternoon tea: The end of ample liquidity?

Tightening of the ECB will come along with collateral damage: upward pressure on worldwide interest rates. The process has already started:

Source: https://ftalphaville.ft.com/2018/06/18/1529320756000/European-recovery-is-bad-news-for-the-world-s-bond-prices-/

Jens Weidmann is likely to become the new president of the ECB. Lucky for him: all the dirty work has been done by Draghi already:

Meanwhile in the US: business inflation expectations remain stable:

Source: https://www.frbatlanta.org/research/inflationproject/bie

Source: https://www.bloomberg.com/graphics/2018-who-will-be-the-next-ecb-president/ 

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