Is the European Union doomed?
- Thread starter jficquette
- Start date
The European Central Bank and its president Jean-Claude Trichet appear to have misjudged the severity of the downturn, and may have made a serious error by raising interest rates a quarter point to 4.25pc last month.
How many times Trichet was praised by majority of idiots on this site???
How many times Trichet was praised by majority of idiots on this site???
if what you claim was true (which it is not) then you should maybe give way more credit to Hitler's battlefield abilities to have beaten your grand daddy's ass that much by creating such efficient war machine out of nothing.
Dont get me wrong, in no way do I approve or disapprove on anything related to Hitler but what you are saying is absolute nonesense. Despite the lack of a lot of "hardware" Germany possesed an inceadible scientific know how, so much know how that without some of them having "moved" to the U.S. the American map was possibly painted in different colors today.
Dont get me wrong, in no way do I approve or disapprove on anything related to Hitler but what you are saying is absolute nonesense. Despite the lack of a lot of "hardware" Germany possesed an inceadible scientific know how, so much know how that without some of them having "moved" to the U.S. the American map was possibly painted in different colors today.
Well at least the ECB is at the moment the ONLY credible central bank in the world. Trichet has so far communicated very clearly, has not swung around as Bernanke does every other week and has made consistant policy decisions. Why dont we wait to judge Bernanke and his folks when things played out rather than before. To me the recent Fed presidents looks way worse. Greenspan has reacted (or should I say NOT reacted) to the housing market way too late and he has completely failed with his most powerful interest rate setting and fomc instruments. Bernanke has since he started changed his mind at least 4 times and completly lost his ENTIRE credibility among the financial community. So, maybe the ECB does actually not look too bleak in comparison....
Quote from Cesko:
The European Central Bank and its president Jean-Claude Trichet appear to have misjudged the severity of the downturn, and may have made a serious error by raising interest rates a quarter point to 4.25pc last month.
How many times Trichet was praised by majority of idiots on this site???
Well, time already tells me RIGHT NOW who is right. All I see is a U.K in a serious housing market crisit that has just started. Plus the GBP is in so serious trouble that I would not be surprised if 2 years down the road the majority of Brits cried for help to be allowed to use the euro as their new currency.
and who are you to judge others like that? Since when does this world work on the basis of moral principles? Is this world fair? Is it right? I beg to disagree. All I said was that the world may look very different if Hitler and his scientist would have gotten their hands first at anything remotely similar to what the U.S dropped in Nagasaki and Hiroshima. I am happy that this did not occur so I am not sure where you take the right from to judge others moral values. If you approach the market in a similar way as you draw your conclusions about my moral values then I would concur that lots of your analyses are poorly judged and flawed.