European Central Bank President Christine Lagarde said that the central bank is monitoring the risks of a recession, particularly the effects of oil supply shortages and excess on the eurozone’s economy. However, the ECB’s president highlighted that “a recession is not a baseline scenario for the euro area,” as European institutions are projected to see growth in the upcoming period, warning that the inflation is expected to exceed previous estimates for the fiscal year. Lagarde stressed the central bank does not intend to “tighten” its monetary policy, but to rather normalize it through gradual interest rate hikes and a cessation of net asset purchases. NN: Their is no “normalization” the world will be plunged into a deep dark depression over the next 2 years. It will not be a straight down plunge. As the markets ratchet back and forth confusion will abound. The monster has been unchained from the pits of hell. It will be our roughest time together yet. I believe we will prevail but the going will be rough and our success is far from guaranteed. I believe we will be tested to our limits. And i believe we will be victorious.