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xanadu90

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xanadu90

Re: Stock Lobster post# 288908

Friday, 06/06/2008 9:06:55 AM

Friday, June 06, 2008 9:06:55 AM

Post# of 648882
Trichet has said that the purpose of the ECB is ONLY to fight the inflation (in Germany, though he does not say it). The economies of various countries taketh care of themselves.

Well, we are used to high gasolin prices - $9.60 a gallon now - but certainly it is beginning now to show how it hurts the economies. Truckers are starting to show their unsatisfaction all over Europe.

Germany and the Northern countries have been doing rather well. Russia, Turkey and the Middle East have boosted some sectors - manufacturing and engineering - quite a lot.
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