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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: ggersh who wrote (43663)	12/8/2011 8:31:40 AM
From: John	1 Recommendation Read Replies (1) \| Respond to of 71474

ECB rate cut disappoints... apnews.myway.com excerpt: The European Central Bank has cut its key interest rate by a quarter percentage point to 1 percent, a modest step to help revive the eurozone economy as it slides toward recession because of the debt crisis. It was the second rate cut in only five weeks for the bank, the top monetary authority for the 17 nations that use the euro. But markets are hopeful that the ECB will soon take more aggressive steps to save the euro. [...] Analysts said the rate cut would have only a modest impact, at best. "I thought they'd be more aggressive and cut by 50 basis points because the economy looks like it's heading for recession and the banking sector is facing big pressures," said Neil MacKinnon, global macro strategist at VTB Capital.