Thursday, August 4, 2011

EUR/USD - Quick Press Conf. Observation

Is it just me or did Mr. Trichet sound like Greenspan this morning? He is usually very clear on what he will do, but totally confused the heck out of me today. I am not sure he himself knows what to do. Or maybe he has already gotten the message from markets and knows, that if he does not follow, the consequences are dire. I feel like it is time for him to stop raising and let the European economy recover from shocks. But who am I to tell him what to do?

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