Both not guilty?
Posted on 01/20/2009 8:29:00 AM PST by Halfmanhalfamazing
The time has come to deliver, but, will he? The ECB rate decision is what we have been waiting for all week. Maybe the downgrading of Greece yesterday and the potential downgrades of Spain and Portugal could put Trichet and Co. under further pressure to justify deeper cuts rather than the widely expected 50bp (2.50%). With the FX market trading on interest rate expectations, one would expect the EUR to gain major traction with 50bp ease or more, just like Cable last week. But, we are talking about the ECB and historically they have a tendency to disappoint!
The US$ is weaker in the O/N trading session. Currently it is lower against 10 of the 16 most actively traded currencies, in ‘subdued’ trading range ahead of the ECB rate announcement.
(Excerpt) Read more at forexblog.oanda.com ...
This worries me because isn't Ireland typically more business friendly than the US is?
Sorry. Thought this was a young earth thread...
Ping.
Both not guilty?
Iceland more not guilty than Ireland!
Ireland was above the US on a recent economic freedom scale, along with Hong Kong, Australia, and others. However, Ireland being a member of the EU, and ever more tightly encircled by that entity’s tentacles, is basically going to be drowned in European bureaucratic BS. They’re hosed. The Irish miracle will turn into an EU nightmare.
Who’d of thunk that Iceland would be hotter than Ireland?!
Al Gore?
I'm no expert on such matters but my understanding is that Ireland earned the nickname "Celtic Tiger" some time ago because 1)they've always had a surprisingly strong education system,even when they were the Poor Man of Europe 2)they speak English 3) in recent times the EU has injected some serious money into the country's economy and 4) they have about the lowest tax rates in Europe.
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