Loading ...Thursday Calendar – ECB Rate Cut ???
ECB Rate Decision (UTC 11:45)
Draghi Press Conference (UTC 12:30).
Draghi is ALWAYS dovish on rates and inflation with his remarks and prefers a weak Euro to the USD.
What if he preempts the FED with a surprise rate cut of his own?
Just saying . . . .
Mad men
Cutting rates from already historic lows
One by one you see the light bulbs come on
It dawns on more and more people that the whole world will soon be in negative interest .
We will have to get used to paying the banksters for the privilege of holding our money…which at any time they can confiscate…as in Bail in.
No wonder this guy is laughing.
A new twist on laughing all the way to the bank.
It’s close to impossible to find a bank account that doesn’t charge you one way or another. We’re getting charged to take cash out of machines in the high street (fewer and fewer of them are free). We get charged for using very small (arranged overdrafts), we get charges on all sorts of banking services that were once free. They are all in deep financial trouble and negative rates are now what they’re turning to, just to try and avoid the inevitable. What a farce. The snake that ate itself…