[aroundabout]

Aren’t they worried about inflation? And is this precisely why they have not cut rates? Why else would they leave themselves at such a competitive disadvantage vs the US? Look what’s happening in Canada now with the loonies value vs the dollar a + 60% or more. Their economy has shed jobs rapidly over the past 18-24 months and at an accelerating pace.

Canada won’t do the obvious and lower rates either for fear inflation will be worse then what they face now. Europe is in the same boat.

[wmileo]

My only concern is that the #1 scumbag in trading on the World Monetary System, George Soros will take advantage of this some way and hurt one of our allies or the US itself. he has shown himself in the past to be capable of some foul play to enhance his position before. That is how he made his billions of $$ to begin with.

[JasonC]

Western europe has inherited the sense of the Bundesbank (and Swiss, come to that), and understand that trying to counterfeit one's way to prosperity never, ever works. You haven't, so much the worse for you.