If you do remember, last year they actually raised rates in the Euro Zone, which basically precipitated some pain.
Monday, June 29, 2009
ECB Watch
Lot of grumblings out of the ECB about potentially higher short term rates. One thing about Trichet and the boys from Euro Land, when they say something they mean it. The current base borrowing rate at the moment is 1.00%
If you do remember, last year they actually raised rates in the Euro Zone, which basically precipitated some pain.
If you do remember, last year they actually raised rates in the Euro Zone, which basically precipitated some pain.
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Can Goldman be far behind? Hope the expose` of their lack of scruples circumvents their exploitation of this and future situations. Watch out for the next bubble. If every small investor goes to cash, you can impact those bonus dollars. They can't manipulate without the little guy.
ReplyDeleteThanks for the comments. Goldman's authority over the government is stunning.
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