ECB Does Nothing, Indicates Monetary Tightening

The Prudent Investor | Thu, 11/05/2009 - 5:18pm | Add a comment

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Leaving its key interest rate unchanged at 1% on Thursday, the European Central Bank (ECB) appears to remain in standby mode, keeping financial institutions flush with cheap liquidity. The only new twist in President Jean-Claude Trichet's repetitive flood of calming words came in the Q&A session
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I am an INDEPENDENT Certified Financial Analyst (OeVFA, EFFAS) who worked as a financial journalist for 15+ years and now evaluate global market trends. Analyzing financial and political news permanently I want to share my insight with those who understand that we approach an era of global redistribution of wealth. The US-European centric approach will not work much longer. Five billion people in the developing countries will demand their fair share of the world's resources.

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ECB Does Nothing, Indicates Monetary Tightening

The Prudent Investor | Thu, 11/05/2009 - 5:18pm | Add a comment

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