Trichet: Default 'is out of the question'

Trichet was a disgrace when running the French Central Bank.

Each time he mentioned the French Franc was strong, it was a sell Franc buy Deutschmark signal

Now that he is running the ECB, he has reached a new dimension, how can I qualify him?

a space clown?

A Ligne Maginot defender?

Europe is digging its own grave

Summer 2010 - Euro - R.I.P.
 
Everybody panics when a currency is in a downtrend. Remember all of the "USD is dead" posts last year? What happened to that "inevitability"?
 
Quote from Alexandre:

Trichet was a disgrace when running the French Central Bank.

Each time he mentioned the French Franc was strong, it was a sell Franc buy Deutschmark signal

Now that he is running the ECB, he has reached a new dimension, how can I qualify him?

a space clown?

A Ligne Maginot defender?

Europe is digging its own grave

Summer 2010 - Euro - R.I.P.
More...

Try looking past the theatre. He is doing his job, and pretty well I might add.
 
Quote from Alexandre:

Trichet was a disgrace when running the French Central Bank.

Each time he mentioned the French Franc was strong, it was a sell Franc buy Deutschmark signal

Now that he is running the ECB, he has reached a new dimension, how can I qualify him?

a space clown?

A Ligne Maginot defender?

Europe is digging its own grave

Summer 2010 - Euro - R.I.P.
More...

Want to bet the EUR will come out of this crisis stronger than ever before ? :) USD has been declared so many times "R.I.P" - can't count anymore...
 
Watch the Euro/Gold price.

Unlike the US, the EU marks their gold reserves to market.

Gold will be their last chance. It's a question of timing and price. I think this is being reviewed at the BIS.

(tinfoil hat off)
 
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