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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: sea_urchin who wrote (18963)9/10/2003 7:25:43 PM
From: Ahda  Read Replies (2) of 81239
 
Searle I see inflation all over the place what I don't see is increase job growth or an anticipated increase in need of employees..

Small things like i have never seen fillets on sale two weeks in a row at one market, one week 9,99 the next 7.99. To me that meant they overbought and over projected what people could afford to pay. In my area if it is difficult to buy a house yet there are quite a few for sale over 1,5M same concept as the steak.

Rather like if late mortgage payments begin increasing and rates respond with a drop. Preventive of course just don't let anything go plop.

Fending for oneself is done in all poor countries the gap is the problem it is huge between wealth and non. Result is the budget revenue of these nations ends up close to zip.

This is taken from Bloomberg I laughed so hard reading the last line.

>>Duisenberg today voiced ``expectations of a gradual economic recovery starting this year and strengthening in 2004,'' and said inflation will hover close to the ECB's 2 percent limit for the rest of 2003 before dipping next year.

The central bank has missed its self-imposed target of keeping inflation at or below 2 percent in 28 of the euro's 56 months, and the currency has oscillated between a low of 82.31 U.S. cents in October 2000 and a high of $1.1933 in May.

Asked if the bank made any mistakes in its first five years, Duisenberg said: ``The short answer is: I can't think of any.''
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