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The moron sitting on top of ECB

  1. These guys are absolute imbessals.

    They tanked the greenback by saying the ECB is concidering raising rates next month to fight inflation.


    Greenback tanks.... Commodities shoot sky high thus more inflationary worries.


    Thats the pattern, why the ECB doesn't see that is beyong me.


    Never mind that their economies are slowing down so they should really cut rates to push growth in the GDP.. and by the euro falling.. greenback rising .. the OIL and all other commodities will fall .




    Idiot europeans. All the problems this world ever has to deal with is from these tight pants wearing ... twink looking mofos!
     
  2. I concur :)
     
  3. You guys are NUTS! The ECB is the only one with half a brain.

    The world's central banks have been running the money pump like there was no tomorrow... creating inflation like crazy. All the banks need to raise rates and reign-in credit... lest we all perish in an inflationary inferno.
     
  4. 1% growth is good enough for them. They are super paranoid about inflation. have been since the 30's.
     
  5. man you gotta love ET and the media. OIL rises the most on record while israel is threating nuclear war with iran during a tight oil market and YET somehow it all gets blamed on the weakness of the dollar which went down less than 1% today
     
  6. The world population is growing at about 2% per year. So, real GDP should grow at 2% also. No need for money supply to grow at >2% unless someone wants to steal someone else's buying power and assets. This "money-pump" on steroids will destroy the world financial system unless somebody with BALLS puts a stop to it.
     
  7. somebody call Chuck Norris
     
  8. Chuck Norris for Fed Chariman. Hell, EMPEROR!!
     
  9. Let me guess you are short the EUR?

    First of all, they didnt tank the dollar, the fed had been doing that for a while. They just pushed the euro higher. I personally think the EUR is overvalued but thats not gonna stop big players from overbuying on the news to push long term shorties out. However, I think this will be the last push but probably the most aggressive from what I have been seeing.
     
  10. Agree!
     
  11. Thinking the same. Fits exactly scenario one German author(forgot the name) was talking about. For European elites it's politics not economics game they are playing. Isn't EURO political creation first of all??
    Gnome you would be right if idiot Crichet kept his stupid mouth shut.
    Now I am really curious if they indeed raise those rates.
     
  12. Quote from gnome:

    You guys are NUTS! The ECB is the only one with half a brain.

    The world's central banks have been running the money pump like there was no tomorrow... creating inflation like crazy. All the banks need to raise rates and reign-in credit... lest we all perish in an inflationary inferno.
    --------------------------------------------------------------------------------



    second that
     
  13. I agree the only central bank holding the line with its policy mandate is the ECB. The f'king FED is a nothing more than a private bank that has flooded the globe with liquidity and created the f'king commodity bubble itself - it has given up on inflation. Rule 1 save and help it's private bank owners. Rule 2 stuff the public. Damn FED should be abolished.
     
  14. Yeah! Where's the next Andrew Jackson?... he has never been needed more than today. (Even a new Paul Volker would be a start.) :mad:
     
  15. We'll gladly trade Bernanke for Trichet.

    We'll even throw in a first round draft pick.

    If rate cuts don't spur growth, and stoke prices, you might as well take a shot at fighting inflation and helping consumer purchasing power out.

    And you reward savers at the same time. You're getting what?...1.7% on the 2 year treasury here, and you're getting close to or over 6% in Europe.
     
  16. The US is inflating the emerging countries out of buying power to help offset the current account deficit in the long run. Since they stopped re-cycling their dollars into the financial account and started buying commodities, they are being spanked. The Eurozone knows this, so they are holding the line.
     
  17. F the FED, ECB is right on, even if I hate Europe itself.

    Bernanke is Bush's pick, so you just know nothing good will become of him.
     
  18. I applaud the ECB! Sorry folks life is not always lived at Disney Land.

    Short-term pain for long-term gain.