After stating this weekend that he didn't envision a lowering of rates because of inflation concerns, JC Trichet announced yesterday that maybe in fact they will in response to lagging growth. This sort of (very) short-term flip flopping should have been covered in Being a Central Banker 101 - let's hope he gets his act together. The increased vol due to conflicting central statements is not something the market needs right now. Sphere: Related Content
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1 comments:
In you article titled:
"Tomorrow is going to be big for the Euro"
Anonymous said...
The euro is not going to give up anything, pal.
March 23, 2009 11:04 PM
Seems like you "square" position was the best one to be in. Maybe we should all follow your lead....
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