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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Real Man who wrote (75013)2/21/2008 1:47:45 PM
From: KyrosL  Read Replies (1) of 116555
 
You could be right. Europe's CB is much more independent than the Fed, or other single country CBs. One would expect otherwise, because of the semi-socialist European tradition, but it's hard to get 30 countries to agree on what they want the CB to do, so the CB does what it thinks is right. And since it has a single mandate to fight inflation, rather than the Fed's dual one, it may manage to keep the Euro overvalued for a long time.
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