If it overcomes 2937, next - 2944 and 2952 (there is a little cluster from 52 till 55) ,
2970'ties is another one that many awaits for..
2970'ties is another one that many awaits for..
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EurAnalysis Kindergarten 24 replies
DislikedPipTrapper - I guess you meant 2840 as bottom of the range and not 2940..?Ignored
DislikedPipTrapper - I guess you meant 2840 as bottom of the range and not 2940..?Ignored
Disliked....
[b]Now my question is; How do you solve the no growth and high inflation iff you where on the ECB governing council ?
.......Ignored
DislikedLet's face it Central banks all over the world are not aiming at interest rates, not at inflation, and not at unemployment.They just make sure that NGDP rises steadily or stays near positive territory (EU) and the debt will be serviced. In some countries, that might mean 4% real growth and 1% inflation, and in others it might mean 1% real growth and 4% inflation. Doesn't matter. It's all good.
Now my question is; How do you solve the no growth and high inflation iff you where on the ECB governing council ?
* NGDP stands for...Ignored
Disliked??? .....I am not sure what you mean.
First the ECB only have one mandate which is controlling inflation. Most CBs across the world have a double mandate which is controlling inflation and promoting employment and economic growth but not the ECB.
Second what you mean about high inflation in the ECB?. We are not even remotely close to an inflationary process in the EZ. Moreover, 2 last projection (including the very gloomy OECD report yesterday and the IMF) have strongly recommend the ECB to cut rates further to avoid a deflationary spiral...Ignored
DislikedBy the way (and no offence intended, especially to 100PipsADay), anybody thinking that the Euro will see 1.35/6 area before 1.24xx has obviously swallowed more hopium gas than the market at large. Hey you may be proven right bit I just don't see how that is even remotely a high probability trade. Perhaps my bias is blinding me, Who know's.. but that's how I see it.Ignored
Dislikedi just saw an interview with one analyst yesterday on Bloomberg saying euro will hit 1.35 in matter of few weeks ...and 1.4 in q1 2013...Ignored
Dislikedi just saw an interview with one analyst yesterday on Bloomberg saying euro will hit 1.35 in matter of few weeks ...and 1.4 in q1 2013...
I mean, anything is possible but....come on...I guess when the eurogroup finds out that there are actually accounting miscalculations and that Greece and the rest have surplusses (and not just primary!)...as if they had confused the +/-'s. Or the Fed made a mistake with it's QE infinity where they meant to do 400 BLN a month not 40.
[i]that being said, always trade what you see not what others are telling...Ignored