Thursday, May 5, 2011

European Central Bank Now Playing Kickball With the U.S.

This morning, the head of the European Central Bank broadcasted that they are done hiking interest rates on the euro for the short term. That soft move and weak talk has caused our otherwise completely worthless dollar to go straight up against the worthless euro.

Wow. And the market yawns. http://www.zerohedge.com/article/euro-plunges-dovish-trichet-comments

1 comment:

TonyFernandez said...

So they're back to inflation? Yawn. I'll believe that they're serious about inflation when they get back to the gold standard.