AlexS

Trichet, ECB Missing the Point with Crude

I basically agree with this. I think we will find that monetary policy is not a good tool vs commodity inflation. Commodity inflation is largely a supply-demand effect caused by the rapid rise of China and India. Why do European central bankers think high European interest rates will stifle the Chinese economy? If oil prices are causing problems for the economy, better to cut taxes. Let the nuclear industry build out (yes, Senator Reid, even in the U.S.).