Reinko

ECB Move: An Opportunity To Trim International Exposure

Only very seldom you see so much stupidity combined in one article.

Let me only quote:

What does raising a quarter point by the ECB really mean. Higher Euro and higher borrowing cost for our European brethren.

Unquote.

The higher borrowing costs would be fantastic because that means that pension funds could invest for the long run instead of the stupid run on food and commodities.

A higher Euro simply means very good consumer inflation fighting because we still live in a US$ dominated world. Imports are relatively cheap when just 25 basis points will do a good trick... Have the Americans never heard the word 'leverage'?

Don't forget that when the credit crisis broke out the Americans were just so proud when they told that most of that stuff was sold to foreigners?

Lets leave it with that, when you print this article out you will find it is too smooth to act as a proper kind of toilet paper.