On 07/11/2013 19:51, abelard wrote:
> On Thu, 07 Nov 2013 19:46:12 +0000, DVH <dvh@vhvhvhvh.com> wrote:
>
>> On 07/11/2013 17:58, Bill wrote:
>>> On Thu, 7 Nov 2013 12:44:21 -0500, "BurfordTJustice"
>>> <burford@hubdub.mo> wrote:
>>>
>>>> The European Central Bank (ECB) cuts its main interest rate to 0.25 percent
>>> >from 0.50 percent on Thursday, sending the euro sharply lower.
>>>>
>>>> The announcement - unexpected by many - was followed by a press conference
>>>> with ECB President Mario Draghi, who insisted the rate cut was in line with
>>>> previous forward guidance.
>>>
>>> Well UK growth is the best in Europe, and the BofE rate remains at
>>> 0.5% so the Europeans are obviously trying to attract some of that
>>> 'hot money' we keep hearing about.
>>>
>>
>> Hot money chases higher interest rates, so no.
>>
>> The ECB is fretting about deflation caused by the German surplus, and to
>> a lesser extent by the eurozone surplus.
>
> the euro was already too high and yet it has been climbing
> since july...this rate cut has had very little effect so far...
I can't say I'm very fussed. I've done my European travels for the year.