The Europeans are idiots. I can't beleive they did not raise interest rates. GBP is kicking their ass. The DAX is gonna fracking crash like there is no tomorrow with all this freemoney circulating. The frackin repo rate is higher than the ECB interest rate! GAWD! They need to bring their money supply under control or else they are screwed.
The Brits are doing it right! Long live the queen. Now I see why they did not want to join the EU. The europeans SUCK when it comes to monetary policy.
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