Melancholy Korean

My Take on the ECB: Head Fake?

Dan's right. Tricky's gonna raise rates once ("it's not a series of rate hikes, etc etc). Then what? The US and Europe are both on the cusp of a major recession. Does the ECB eventually start cutting? Or are they going to attack inflation and cause widespread economic misery, in the name of discipline and austerity? How much pain can the people take?

I'd like to buy far out of the money options, like 5 delta, on the euro going away in five years.