More on the ECB nearly cutting rates yesterday: Chatter says the move was scuttled by Draghi,...

More on the ECB nearly cutting rates yesterday: Chatter says the move was scuttled by Draghi, Weidmann, Asmussen, and Coeure. It's a big governing council, but aren't those the only votes that matter? Separately, in a speech today, Draghi worries lower rates could spark a weakening euro. Is this not among the things the EU needs?

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Comments (3)
  • Brian Bobbitt
    , contributor
    Comments (2087) | Send Message
    The 'Euro' needs the same thing as America needs, and it ain't gonna get it. Too many political agendas in the way. People are way down on the list, as trillions are at stake, not just a little poke. We are not headed for a soft landing. Pretty soon, TPTB will suck out all the value in the markets, then look out below.
    TPTB know there is no fixing this crisis, it has gone too far, do the simple math. There is gonna be some big 'holders of paper' taking a nasty hit soon. I think as soon as spring, or early summer
    Capt. Brian
    The Lost Navigator
    PS Learn now, get ready for, and that means both mentally and cashwise to short the market in general. Use FAZ (300% of the inverse, (or opposite) of the performance of the Russell 1000® Financial Services Index. The fund, under normal circumstances, creates short positions by investing at least 80% of its net assets in financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. The index is a subset of the Russell 1000® Index that measures the performance of the securities classified in the financial services sector of the large cap U.S. equity market. The fund is non-diversified.
    There are others like FAZ, e.g. EDZ, TYP, TZA, BGZ, AND MWN, for a few. My advise is get to know and understand shorting (basically, making money on the downside of an issue)
    7 Dec 2012, 11:32 AM Reply Like
  • volosgirl
    , contributor
    Comments (20) | Send Message
    IMO The euro is coming to a slow death. Simple terms it's not working.whatever the big boys come up with the euro will met it's end. Does'nt take a rocket sciencetist to figure it out non the less bankers.
    7 Dec 2012, 11:35 AM Reply Like
  • dinkys
    , contributor
    Comments (15) | Send Message
    yes, indeed europe need an urgent weakness in the euro currency
    down to one euro one push up the weak country especially
    in cluding French one, that is the only annd unique solution to the
    eurpeen crisis......they have done during the last fifity years...
    they had devalued their currency vis a vis the Deutsch Mark,many,many times
    the other alternativ is for German to exit the Euro, and go back
    to their Deutsch Mark.....
    7 Dec 2012, 11:46 AM Reply Like
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