Europe Today (Sunday) BMO

Discussion in 'Trading' started by mgookin, Oct 5, 2008.

  1. By today I mean Sunday Oct 5, 2008 as I write this.

    As of the close on Friday, the word on the street was "Europe has to get together and come up with something before markets open Sunday night."

    Reading wires I'm finding where some countries have each done some things, but I don't see anything collectively for the EU as a whole.

    Does anyone know what to expect when?

    Or are we just getting where country A does this and country B does that?

  2. eu may cut rates soon, maybe even this week if things get bad enough, trichet hinted at it when he last spoke so he will do it and bernanke may cut rates at the exact same time as trichet for added punch
  3. Cesko


    WHAT? What about inflation???
  4. d08


    You should differentiate between EU and Eurozone. It has been said that collectively nothing will happen, every state for itself.
  5. inflation what what? where?

    i think they have bigger things to worry about than inflation
  6. I agree that it was said "There is no United States of Europe" which implied they lacked the capacity to do what US is doing, but I thought I heard late Friday that there was going to be a coordinated effort among European states to "rescue Europe" before markets open Sunday.
  7. More reading (from a single source, I'm lazy today)
  8. those guilty of living and spending on credit face the consequences of such
    fiscal management - or lack of it
    the US in particular and the UK are both having to 'eat it' credit wise while
    countries such as Japan and France who only spend what's in their savings
    account don't have the problem
    Spain's collapsed realestate market was mainly one based in large part on
    UK buyers who have now disappeared, similar to US in that there were Many
    new homes built
    in March this year the Purchasing Power Parity of the Krone was 70 and
    the Euro 30 - see link - they've now dropped to 59 and 19 respectively so
    the monetary inflation threat is falling but
    all stock markets are falling and the US credit fiasco will take several years
    to work through portending a World recession or depression and lowering
    already low interest rates will change little, so it's a moot point what individual
    countries will do, everyone will suffer
    what's of interest is if in November the $ reverses and falls to new lows
    #10     Oct 5, 2008