[strider3700]

Inflation up here has been and continues to be a concern. Our housing bubble is lagging the US by a few years but it follows the same path so far. I'd expect the central bank does nothing up here maybe consider a raise. A rate cut would be a very very bad choice at this time.

[vision-master]

I heard Canada is not following the US with a rate cute?

[Tyler_JC]

$this->bbcode_second_pass_quote('nth', '
')Where did you get these misinform ideas?

The ECB is held accountable to the EU. ECB President has to give monthly newsconferences. You ever see Fed Chief answering media questions in public? Well, ECB President has to do that.

The ECB President must give quarterly presentations and annual ones, too.

I don't see how that is any different than US Fed Chief. If anything, the ECB has to do more.

ECB communications

As for politics, the last President of ECB will seriously disagree with you as the media and politicians kept complaining about his actions during 2000 EUR currency crisis.

[ohanian]

What is hurt most in this case are the lump sum wages earned by laborers and employees, for they are no longer equal the same value they did two years ago, or since the beginning of this year. They fell victim to inflation and to the price of goods imported from countries using Euros, sterling pounds, yen, and Australian or Canadian dollars, among others. Such corrosion is cause for social misery that countries cannot face by making up for the losses incurred to wages. With the exception of oil-producing and exporting countries, governments (even if they were capable of raising the salary scale at a par with the level of the losses or the inflation that happened as a result of the rise in prices) then it cannot throw on the private sector the burden of this increase because the sector is paying an enormous price with the increase in production expenses. This precludes it from achieving the competitive advantage stemming from two factors: quality and price, and is hence powerless to achieve real and balanced growth.

[web]http://english.daralhayat.com/business/09-2007/Article-20070920-22b3f2ae-c0a8-10ed-00c3-e8c41254bbc9/story.html[/web]

[nth]

$this->bbcode_second_pass_quote('Tyler_JC', '
')
The people who appoint/confirm the ECB president, on the other hand, are not directly accountable to the people.

[Revi]

All these paper currencies represent a tiny slice of an ever shrinking pie, now that we've gone over the peak. True, those that still have oil are in better shape, or those who have some kind of growing alternative energy base, but overall the slips of paper that they are issuing are for a dwindling supply of stuff in the world.

I really don't know what the answer is, but metals have held up pretty well during the recent crash of the dollar. I couldn't believe what they had to say in that article in al-hayat! The dollar is down 20% in the past year and a half! Ouch! Here's what got my attention:

"From the beginning of 2006 until the present, the US dollar has lost about 20% of its value, 7% of that in 2007." Michel Morkos


We have some retirement savings, and now it's worth about half of what it was at the beginning of the 21st century. Great! I plan on stocking up on catfood. We'll all be fighting over it.

[Tyler_JC]

$this->bbcode_second_pass_quote('Revi', 'A')ll these paper currencies represent a tiny slice of an ever shrinking pie, now that we've gone over the peak. True, those that still have oil are in better shape, or those who have some kind of growing alternative energy base, but overall the slips of paper that they are issuing are for a dwindling supply of stuff in the world.

I really don't know what the answer is, but metals have held up pretty well during the recent crash of the dollar. I couldn't believe what they had to say in that article in al-hayat! The dollar is down 20% in the past year and a half! Ouch! Here's what got my attention:

"From the beginning of 2006 until the present, the US dollar has lost about 20% of its value, 7% of that in 2007." Michel Morkos


We have some retirement savings, and now it's worth about half of what it was at the beginning of the 21st century. Great! I plan on stocking up on catfood. We'll all be fighting over it.

[Doly]

$this->bbcode_second_pass_quote('Tyler_JC', '
')Import prices will increase but domestically produced goods and services shouldn't be affected as harshly.

[Tyler_JC]

$this->bbcode_second_pass_quote('Doly', '')$this->bbcode_second_pass_quote('Tyler_JC', '
')Import prices will increase but domestically produced goods and services shouldn't be affected as harshly.

[Zardoz]

Lots of people are questioning the wisdom of this move. We'll be seeing a lot of this in the media for a while:

Fed's move called into question - Rising bond yields and a slumping dollar fuel inflation worries after the rate cut

$this->bbcode_second_pass_quote('', 'Y')ields on long-term Treasury bonds jumped, the U.S. dollar sank and the price of gold surged Thursday, intensifying questions about whether the Federal Reserve's move this week to stimulate the economy could backfire.

Though the central bank's cut in short-term interest rates on Tuesday stoked the stock market, it has spooked some other markets -- mainly by raising fears of higher inflation that could undermine the economy.

[MC2]

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"Ben, Ben, he's our man. If Ben can't do it, no one can!!"

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