http://www.ft.com/cms/s/0/0f1cc64c-e2f5-11dd-a5cf-0000779fd2ac.html
I like Trichet's style, he says he will never cut rates, then cuts rates and then, says, he is wary of taking them too low--keeping the crowd guessing, is a good thing.
Surprising the market, evoking a positive psychological response, works well--it balances out the short term speculators, and gives stocks a chance to rally amidst new and fresh capital with long term forecasts, optimistic about overall deterioration.
Thursday, January 15, 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment