Thursday, November 6, 2014

ECB Today: Is Draghi Begging You To Short The Euro

I would say yes!

Especially since he labored so much on hammering home the point that "the most important message" is ECB, apart from having a balance sheet target, is committed to expand its balance sheet while other central banks are contracting. He opened with the phrase "diverging policy". It is difficult to imagine how he could ask to short the euro in a more direct manner

And I would also say listening to this man is wise. Always!