• David White
    RBA lowered rates to 3.25% from 3.5%. ECB might lower Thurs. Big potential for a sell off. Too high rates bad for economy. Lowered -->hi USD
    10/2/12
    Reply (4)
    • bdy: Why do you think ECB may lower rates Thursday?
      10/2/12
    • David White: Actually most people are speculating that it will happen in the next three months or so. Thursday has an ECB press conference at 8:30ET.
      10/2/12
    • David White: It's just one possibility. Many people think the EU needs a more stimulatory environment. The ECB will likely bow to that pressure.
      10/2/12
    • David White: It is just a question of when. The EU is going into recession.
      10/2/12