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European banks cut prime rates: Too little, too late!

November 6, 2008 · Filed Under International Investing · Comments 
The Bank of England and the European Central Bank slashed their respective interest rates. The Bank of England cut the rate by a huge 1.5 percentage points, the ECB remained true to its timid self by cutting a mere 0.5 percent. by J. Christoph Amberger Baltimore — (TFN): The European central bankers did something uncharacteristic today. They [...]

European Central Bank (ECB) could topple Spain’s financial sector

August 26, 2008 · Filed Under International Investing · Comments 
"There’s a bombshell being delivered here - the European Central Bank is about to stop bailing out eurozone commercial banks. And that could mean another big lender going ‘bust’." — David Stevenson Blogger’s note: Just like in the U.S. and UK, the European Union’s state bank has been extending easy credit to prevent "temporary" illiquidity in [...]

Euro drops on record German inflation

August 19, 2008 · Filed Under International Investing · Comments 
The European Central Bank (ECB) considers inflation its biggest enemy. How successfully are they fighting it? Well, with the German PPI up a whopping 9%, they seem to be doing a bang-up job! by Nina Koeppen, Wall Street Journal Baltimore — (TFN): German gross domestic product fell 0.5% in the second quarter from the first three months [...]

European Central Bank turns 10, but next decade looks grim

May 29, 2008 · Filed Under International Investing · Comments 
“Before the string section pipes up, we recommend that the party organisers have a think about sticking a cork in the trombones. The second ten years are going to be a lot less triumphant than the first ten.” — Jody Clarke by Jody Clarke Baltimore – (TFN): It’s the European [...]

Decline of the Dollar: Inflation at record highs — in Germany!

November 27, 2007 · Filed Under News that Matters · Comments 
“The Federal Statistics Department in Germany just released that based on preliminary numbers, November inflation over the previous month is up 3% — far higher than estimated.” — J. Christoph Amberger by J. Christoph Amberger, TFNBaltimore — (TFN): The pundits are restless… seeing conspiracies in every inflation report the Federal Reserve releases. Sure, in a [...]