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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: CalculatedRisk who wrote (8955)2/29/2004 2:17:07 AM
From: ild  Read Replies (1) | Respond to of 110194
 
CR, I don't think ECB will cut rates this week. European Central Bank is a lot more responsible than US Fed. In fact the Euro is just 8% above the level at which it was when it was introduced.

Also I don't think the Fed is going to do any intervention any time soon. I haven't seen any proof that they have done interventions in 2003 and 2004. Have you?



To: CalculatedRisk who wrote (8955)2/29/2004 9:43:50 AM
From: mishedlo  Respond to of 110194
 
However, after the ECB cuts this week (assuming they will)

They could cut this week but right now I have my doubts.
Perhaps 1-2 months is a better timeframe.
Right now they are resisting too much political pressure.

M