Beware of the Germans …
Dienstag, März 11th, 2008Looking at Axel Weber’s comments, telling the world, that there is NO possibility of an ECB rate cut in current inflationary surroundings, yes, he is reliable, but who does remind him, that 1987 the German Bundesbank triggered the crash by hiking rates??? Sometimes you need flexibility Even worse in its long term implications could prove, [...]
