Wednesday, September 5, 2012

US Dollar Index Clobbered on Leaked ECB Plan

The U.S. dollar and U.S. Dollar Index are getting hit hard today after the "leak" of the plan by the ECB to acquire an unlimited number of bond which mature in 0-3 years.

Ignorant reporters continue to imply there is uncertainty because Germany opposes the plan, but over and over again that has been the positioning of Chancellor Angela Merkel, who attempts to make it look like she's fighting it till the bitter end before caving at the last moment. There is no doubt this plan will go forward officially on Thursday.

This will probably appear to stabilize Europe over the short- to mid-term, but that's not even a guarantee in the contracting economy of the euro zone. It would be more accurate to say that is what will happen in the minds of the people of the world, even though absolutely nothing is being done to address the underlying issues, which is primarily the reduction of government spending and changing of financially parasitic lifestyles of the people living in socialist Europe.

Until that is done, nothing will be changed which will have a beneficially long term effect.

As for the U.S. dollar, it was trading down against the euro, with the euro climbing to 1.2603 against the greenback, a gain of 0.0036 as of 12:16 EST. The U.S. Dollar Index was down to 81.21.


farmland investment funds said...

Total market manipulation again by the central banks.

Anonymous said...

Piece of writing writing is also a excitement, if you be familiar with
afterward you can write or else it is complicated to

Here is my blog buying a car with bad credit
Feel free to visit my blog :: how to buy a car,buying a car,buy a car,how to buy a car bad credit,buying a car bad credit,buy a car bad credit,how to buy a car with bad credit,buying a car with bad credit,buy a car with bad credit,bad credit car loans,car loans bad credit,auto loans bad credit,bad credit auto loans,buying a car bad credit loans,bad credit loans cars,buying a car and bad credit,how to buy a car on bad credit,buying a car on bad credit,loans for cars with bad credit,auto loans for bad credit,buying a car with bad credit,how to buy a car with bad credit

Anonymous said...

Its lіke you rеad my mind! Yοu seem to know so much about this, lіke you
ωrote the book in іt oг something.
I think that you cаn do with somе pіcs
to drivе the mesѕagе home a bit, but
other than that, this is mаgnificent blog. A great гeаd.
I'll certainly be back.

Here is my web blog ... buy a car with bad credit
Feel free to visit my site :: buying a car with bad credit,buy a car with bad credit,how to buy a car with bad credit,buy a car with bad credit ratings,buying a car with poor credit,buying cars with bad credit,buy car bad credit,auto loans for bad credit,car loans for bad credit,bad credit car buying,bad credit buy a car

Anonymous said...

click kfDsDstV [URL=]knock off purses[/URL] at my estore cZvOIOPU [URL= ] [/URL]

Anonymous said...

cheap XjTLBVwP [URL=]top replica handbags[/URL] , just clicks away vtALJpLX [URL= ] [/URL]

Anonymous said...

buy a HGvSVGyK [URL= - designer inspired handbags[/URL - for less lxZvqswM [URL= - [/URL -

Anonymous said...

Post writing is also a fun, if you be acquainted with after that you can
write otherwise it is difficult to write.|

Feel free to visit my blog post - program rozliczenie roczne 2013