Dan Walker

My Take on the ECB: Head Fake?

Doesn't seem to be an edit button. Should read "They raise rates, they tank their weakest members; they lower rates, and Germany bails and brings back the Deutchmark

My Take on the ECB: Head Fake?

The ECB is in the same position as the Fed; can't do anything without screwing up. They raise rates, they tank their weakest members; they raise rates, and Germany bails and brings back the Deutchmark. Germany holds the bulk of the US$ EU reserves, so they are already being bent over courtesy of the strong Euro. Add Germany to Ireland's recent rebellion and bye bye EU. Option 2 would be good for the US. What do you want to bet the ECB sits on their hands?