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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: stockman_scott who wrote (40777)8/30/2001 10:01:40 AM
From: Jim Willie CB  Read Replies (1) | Respond to of 65232
 
ECB: one more case of humans attempting to be smarter than equilibrium-based bond market free systems

they missed, misjudged, admitted, but damage done
market is smarter than any single institution or person
always has been, always will

I have been surmising that ECB would lower rates only after the euro currency began to strengthen versus the US$
it has happened

but a reminder, the US$ is still stronger now vs Euro than Jan1st of this year

/ jim