On Jan 23, 2008 9:26 AM, Mike wrote:
> Trichet and his standard model are going to engineer a market crash in
> europe it looks like… wonder if he will be FT’s man of the year next
and he’s playing with fire with the lack of credible deposit insurance in the ecb’s member banks.
buy some 2 year german credit default ins if you haven’t already!
I think the ‘chess move’ here is for the BOJ to start buying $US. They would like to, but don’t want Paulson coming down on them for being ‘currency manipulators.’
If I were Tsy sec I’d be calling the MOF and giving them the green light to buy $US.
by the way, Jack Welch is on CNBC saying gdp is muddling along at 1.5% based on what he hears from corp america. no recession, yet