It's pretty simple: central bankers are correcting other central bankers mistakes by taking mistakingly mistake decisions. I am just laughing about the central bankers and enjoying volatility. We should let the central bankers carry on reading 101 "marcoeconomic books"...
No need to throw your toys out of your pram Poirot,it's not my fault if you live in a country that no-one cares about. Maybe you should think about moving?To China maybe?Then you can learn Chinese and add that to your ever-growing list of useless languages that you can speak.Hell,why not go on some Chinese trading forum and bore them to death with your unsubstantiated insights into macro-economics.
What causes inflation? Does not the answer depend on school of economics to which you subscribe. I personally am a monetarist. So you know I do not think an increase in inputs is something which would dictate a increase in interest rates. I believe that school would say that an increase in oil prices and other inputs would act as a tax on the economy. My concern is an excessive increase in the supply of money. However, I think now we get into newer schools of thought. With electronic banking - I am not sure the money supply we need to worry about is the physically supply of dollars - as much as a flooding of the market with cheap lending by central banks and unbalanced spending by governments. --- On languages... While traveling I met two pro tennis players from Belgium. They enjoyed making fun of my attempts at german, french and dutch. What was interesting is one guy was a university graduate with plans to do graduate level work or perhaps he was in law school already. The other guy did not go to university at all but he spoke much better English. I sort of gave Erik a dig by saying you guys make fun of my accent but how come (forgot his name)'s english is so much better than yours. Erik shrugged and the other guy said... I watch a lot of cartoons.
The ECB are doing a great job - they have limited choices and have earned the global markets' respect with their hawkish stance on inflation. Everyone's laughing of the puny Fed. I urge those of you who're struggling with these BASIC concepts of economics to read up on J.M.Keynes - that's the 101 course for you.
20 posts on ET with nothing rubbish in them, and you think you are the man. It's obvious you are too selfcentered and probably to have noticed anything while you were residing in Spain. Europeans tend to run away from pedantic people like you, so they won't have told you either but young people can't afford to get their own place anymore in Spain, even married people sometimes stay with their parents as housing is too expensive. So yes, it's a great thing that housingprices are coming down. If the ECB helps to quicken this, there will be lots of young people gratefull for that. Now go back to your island and crawl back under the stone you came under from.
Its a 25 bp raise. Geez. That's almost nothing. And Trichet is going to stand pat at 4.25%, so its not even a rate hike cycle, its a tiny bone thrown at the inflation hawks on the ECB. If a recession happens, it won't be because of this action, it will be because of past excesses.
on languages ... there is a big difference in speaking a language or writing in a foreign language, the latter is much harder and you tend to make grammatical mistakes you wouldn't be making in a live conversation.or to misspell words in ways you can't imagine being possible if you reread it two days later (especially after having gone out from 9:30 pm and having drunk a beer or seven, some cava and two gin-gini's) But I guess the Italian meaning of his name is lost on the guy that just crawled back under his stone. (I can pretty much understand an Italian written text too, for the record, but guess that country is too small too) Personally I like to think that I used to speak English fluent and have a good accent (and I am not the only person thinking this), haven't met any English speaking native anymore in the last seven or so years, so didn't have much practice except from reading. But it's like riding a bike, once you know how to do it, you don't really forget it. Put me in England or the US for three days, and I am certain it will all come back as it was.
well - I speak english well and have a very high comprehension level. However, my first written drafts suck and my typing accuracy is even worse. In law they say even you can't argue the the law argue the facts and if you can't argue the facts pound the table and may a lot of news. commenting on internet grammar or spelling is what happens when you don't have logic or facts.
Hey Poirot,glad to see you're as boring as ever.Almost fell asleep reading this last post,as if anyone cares whether you have a good accent,let alone if you speak "English fluent". OK,here's a question for other posters: Before you have to do a Google Search,can you think of 5 famous Belgians? Really think. Actors,sports stars............probably could think of 3 or 4 but that's pretty lame.Can you imagine NOT being able to name 5 famous Brits or Americans?Hardly. No wonder Belgium joined the Euro.It was the only way anyone would remember anything they actually did. Hey,Poirot,do yourself a favor and crawl back under YOUR stone.