"If Not Now, When" - SocGen Pushes Back ECB Rate Hike Forecast From June To July

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Thu, 05/05/2011 - 14:09 | 1244183 jus_lite_reading
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We're all F%^&KED ANYWAYS SO WHATS ANOTHER MONTH?!!!!! WHITE SMOKE IS POURING OUT OF REACTORS 2, 3!!!!!!

http://fiatsfire.blogspot.com/2011/05/theatrics-thursday-bailouts-galore...

And NOW JAPAN admits to lying about radiation because they didn't want panic! WHAT ABOUT LIVES?!?!?!?!?

Anyways does the rate hike pushback have anything to do with the economy going down the toilet?? Jobs are gone.... game over folks!

Thu, 05/05/2011 - 14:09 | 1244187 oogs66
oogs66's picture

I think Germany told them to stop it.  QE2 is starting to hurt the German economy.  They are the primary support of the PIGS.  They want the EU to start doing what it wants or its not going to play the game and they have decided they are sick of Euro appreciation slowly dragging down their economy.

Thu, 05/05/2011 - 14:14 | 1244196 john.achenbach@...
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but doesn't a higher exchange rate work against the germans on a lagging basis?

Thu, 05/05/2011 - 15:03 | 1244466 Urban Redneck
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They make up for it on volume.  <sarc> Really. </sarc>  They do. 

Thu, 05/05/2011 - 14:14 | 1244195 john.achenbach@...
john.achenbach@achcap.com's picture

but doesn't a higher exchange rate work against the germans on a lagging basis?

Thu, 05/05/2011 - 15:04 | 1244469 Urban Redneck
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They make up for it on volume.  <sarc> Really. </sarc>  They do. 

Thu, 05/05/2011 - 14:15 | 1244208 Cassandra Syndrome
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Does anyone know was there a massive drop in the key components of Money Supply in the past couple of weeks?

Thu, 05/05/2011 - 14:16 | 1244215 Cpl Hicks
Cpl Hicks's picture

The SocGen report make complete sense if you just read the bold words.

I feel elucidated. Thanks, Tyler!

Thu, 05/05/2011 - 14:35 | 1244301 Lord Peter Pipsqueak
Lord Peter Pipsqueak's picture

Like Mervyn King,Trichet is going to monitor very closely the rate at which the rate of inflation exceeds the ECB's target and then maintain negative rates to ensure inflation never drops towards the target let alone below it.Having said that,the Euro will still outperform the dollar and sterling.

Thu, 05/05/2011 - 15:27 | 1244590 AldoHux_IV
AldoHux_IV's picture

The carrot of accomodative rhetoric mixed with the stick of potential rate hikes or in this case serious thought of rate hikes but not really is the type of bullshit system we find ourselves in.  There is no such thing as a free market, there is no such thing as individual freedom and liberty in an economic sense, there is no sense that policymakers really care about anything but their precious banking cartel masters who have turned a market that once was supposed to drive capital into the areas of the economy most in need or at least in terms of the greater good into their trading book where they get to write the rules and set the price targets based on how much exposure they have and not because it would benefit anyone else.

End central banking-- free ourselves from the slavery of debt (75% of global assets) and take charge of our own economic destiny.

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