...

December 11, 2011

I Did Not Like ECB`s Rate Cut

Hopefully the ECB will stand firm and not bow to political pressure like the Federal Reserve did. But I don`t like the fat that the ECB reduced rates again to 1 percent. They are bailing out the banks. - in Market Watch

Related, Banco Santander (STD), Deutsche Bank AG (USA) (DB), Royal Bank of Scotland Group plc (ADR) (RBS), Barclays PLC (ADR) (Public, NYSE:BCS), Societe Generale SA (GLE), BNP Paribas SA (BNP)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.
eXTReMe Tracker