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Offering a contrary view on the consensus that the ECB is about to hike, Dave Kansas says it's...

  • Thursday, March 3, 2011, 5:11 PM ET
    Offering a contrary view on the consensus that the ECB is about to hike, Dave Kansas says it's hard to believe the bank has changed into a hawkish outfit all of a sudden. Hiking in the face of solid growth, growing inflation, and PMI price indices (pdf) off the charts isn't exactly hawkish. It's just facing reality.
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This news story has 3 comments:

  •  
    This is good for US. Let them dig the hole dipper. We will sell them CAT to dig the hole and then ladder to get out.
    3 Mar 2011, 08:23 PM Reply Like
  •  
    The difference between Europe and US is that Europe is cutting spending and tightening the belt, which will allow it to fight inflation by raising rates, where the US is trying to -grow- its way out of its fiscal issues by increasing debt and giving handouts to the powerful, while exporting all its growth to SE Asia and all its wealth to the middle east.

    Anyone taking bets on who comes out of this better?
    3 Mar 2011, 10:07 PM Reply Like
  •  
    I ask a question, If the ECB raises the interest rate will this exasperate the sovereign debt crisis?
    4 Mar 2011, 12:11 AM Reply Like
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