VOLTAIRE'S PORCH-MODERATED Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jill who wrote (5816)	10/5/2000 9:44:11 AM
From: Jim Willie CB	Read Replies (2) of 65232

ECB Duisenberg raises interest rates for Europe this was my fear, this is now a reality the US Federal Reserve refused to lower rates, refused to step back from tightening bias the pressure has been on the Euro currency for some time the pressure will not let up esp now with the Fed maintaining its ill-advised position so the European Central Bank raised rates when their economy is teetering toward recession when its currency is weak and weakening further Europe needed badly for the US to loosen its tight monetary policy now they have to push their continent closer to recession this latest move should shore up the Euro currency but it will push them closer to recession bad move, Fed, bad move this is what you get more European economic slowdown could be what convinces the Fed to see the errors of its ways then we hear of looser interest rates, looser bias / Jim

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next