Melancholy Korean

Trichet, ECB Missing the Point with Crude

Wrong. The Euro's over-valued vs. the dollar. It's not about the ECM playing second fiddle to the Fed, it's about global financial stability. The Fed's done with rate cuts. Fine. Good. Everyone and their grandmother is now a freakin' expert in macroeconomics. Inflation is a problem. Got it.

But Tricky raising rates here doesn't "protect" the Europeans if the dollar gets screwed. Everyone suffers in that environment. Oh, wait, you believe in decoupling. Right.