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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (871)2/29/2004 12:36:31 PM
From: gregor_us  Read Replies (2) of 116555
 
Mish: Do You Agree That the ECB Will Not Cut This Week?

Generally, I think we are at the beginning of the battle-for-a-cut by the ECB. Does the Eurodollar market *believe* the ECB will cut this week--or, rather, eventually?

PS: In the self-education department--I am now trying to figure out why potential ECB action affects the Eurodollar interest rate outlook. From a textbook perpective, Eurodollar time depostis are tied to US interest rates--not European, yes?
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