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Politics : Welcome to Slider's Dugout

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To: Box-By-The-Riviera™ who wrote (2153)8/6/2006 2:03:52 PM
From: Rarebird  Read Replies (1) of 50724
 
Last week, the ECB warned of further rate hikes ahead. It's not the ECB but the Bernanke Fed which is under the gun when it meets on August 8. The EU is fed up with the rising US current account deficit.

In expectation of a dollar meltdown, Italy's Central Bank has not only sold part of its US Dollar holdings, it has done something even bigger, it has sold off its US Treasury debt paper!

telegraph.co.uk

Let's see what happens if and when the Euro trades at $1.35-$1.36 later this summer or in the Fall. I think the ECB will likely read the riot act to the Bernanke Fed and make sure it doesn't "pause" for long. But that will partly depend on how fast growth continues to decelerate.

What are your expectations for growth in the 3rd and 4th quarters?
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