WTF is happening with the Fed? WTF 7

CK and new co-host Ansel Lindner discuss the recent ruling in German courts that deemed QE activity by the European Central Bank to be illegal. 


  • German courts said ECB’s QE actions were illegal under German law
  • EU law is supposed to trump German law
  • German courts give ECB 90 days to stop QE
  • Real risk of Euro break up
  • Fun fact: European REPO is already separated by country

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Christian Keroles on Twitter @ck_SNARKs


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Eurozone Breakup Risk at New High

What struck me was the close correllary between the ruling and Kentucky nullification acts in the US. This was German courts nullifying EU actions.