Europe

As can be seen by the violently volatile markets themselves, over the past 24 hours there has been substantial confusion about the implications of the ECB's "all in" gamble, with the initial kneejerk euphoria leading to a rapid selloff and surge in the USD, followed by an overnight levitation in all risk assets as virtually the entire ECB move has now been faded on both sides.

Still, much confusion remains as can be seen by the following three reactions by financial pundits, two of whom even work for the same company.

Just hours after Mario Draghi unveiled another €20 billion in monthly QE, bringing the total in "unconventional monetary policy" asset purchases to €80 billion per month, and entering the market for corporate bond purchases for the first time, the ECB released the text of an interview that was conducted with the Guardian on February 18, in which the central banker not only lamented youth unemployment but said he is "worried about increasing inequality."

Here are the selected excerpts:

• Shares bounce, euro fades after savage ECB reaction (Reuters)
• Trump's Islam comments draw attacks as Republicans discover civility (Reuters)
• IEA Says Oil Price May Have Bottomed as High-Cost Producers Cut (BBG)
• Oil Prices Rise on Hopes Glut Will Ease (WSJ)
• Why Euro-Area Inflation Will Be Low for Years, According to Draghi (BBG)
• Calmer markets, positive data prime Fed to push ahead with rate rises (Reuters)
• Key powers mulling possibility of federal division of Syria (Reuters)

Three months ago, on December 4, when the ECB clearly disappointed markets and European stocks tumbled as the Euro soared, it took a speech by Mario Draghi at the Economic Club in NY to send stocks soaring...

The economy of the United States was destroyed almost overnight.

As VisualCapitalist's Jeff Desjardins notes, more than 5,000 banks collapsed, and there were 12 million people out of work in America as factories, banks, and other shops closed.