The Portuguese finance minister Teixeira is quoted on Reuters as saying recent euro moves are short-term reflections of US monetary policy decisions. The ECB is already helping the economy, he says and continues that he expects the ECB to keep helping. You’re not alone, brother.
The ever quotable Silvio Berlusconi is on the wires with the observation that with “communist” US Fed rates, the only option for investors is investing in companies. That’s precicely the point, Sil. The Fed wants to move investors away from bonds into higher-yielding assets.
