sources note an informal agreement reached at Jackson Hole with Draghi wanting to see a much weaker EUR and Yellen a stronger USD, acting as a de facto tightening and thus potentially limiting the upside to US rate hikes
agree with you onlineaddict any way who is draghi any way he's in a lost world telling people every things ok ...... liar
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The problem is, they post whatever and claim Draghi or Yellen said it, source is always unknown. I hate to see this portal turning into National Enquirer. And even they work with more facts.
Everyone can see the chart, but only a few can actually read it.
LOL ... Talking-Crap.com is at it again I see. Pay close attention to that statement. What's wrong with that picture? It's clearly spelled out in their own words.
This is not uncommon here. Last week, they tried to make a opening for someone to buy into the USD by printing a headline that Obama gave permission for air strikes in Iran. Twenty minutes later it was updated to Iraq. I am going to find a new news source. This one is getting to be more gossip than facts.
This is worse than Hollywood gossip. Who posts here shit like this.
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The pity of it is folks believe it hook, line and all else. This is the sort of thing that promotes the idea that the market is random as opposed to mathematically chaotic system we actually experience every day. Each central bank in this story is driven by the macro conditions it faces and acts in its best interests. As such there is no need for explicit (or clandestine) agreements. No central bank or group of central banks control the markets as indeed all are subject to the vagaries of the economy. The financial press does insult the intelligence of traders a lot - with the pity being they get away with it because so many remain gullible.
Joined Apr 2009
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Status: Live and learn.
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This kind of shit happens in the hot tub at Jackson Hole all the time. Hey, you get me in there with Janet Yellen and Chrissie Lagarde and I'll agree to anything....
"If The Fool persists in his Folly he will become wise." - William Blake
The problem is, they post whatever and claim Draghi or Yellen said it, source is always unknown. I hate to see this portal turning into National Enquirer. And even they work with more facts.
Ignored
Oftentimes the 'source' is the guy sitting in the next desk to the author.