Trichet doesn’t back down

By Peter Boockvar - March 21st, 2011, 10:25AM

ECB Pres Trichet speaking in Brussels is basically clinching an April 7th rate hike by repeating that risks to their price outlook are to the ‘upside’ as ‘inflation is on the rise.’ As he said he had nothing to add to his March 3rd statement, where he set the groundwork for a hike, it’s clear that the disaster in Japan and its impact on global growth won’t alter the ECB’s fight against commodity inflation. China and India are of the same mindset on the belief that price stability is the precursor to healthy economic growth.

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Category: MacroNotes.

Comments

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

2 Responses to “Trichet doesn’t back down”

Nuggz Says:
March 21st, 2011 at 11:41 am
Oil trumps everything.

Japan is NOT going to re-build because of their demographics and commodity costs.
rip Says:
March 21st, 2011 at 7:56 pm
Fascinating.

Apparently the only person that does not see commodities speculation fueled by 0% money as an issue is Helicopter Ben.

But then, he gets to deal with something called “cognitive dissonance” solved by denial, or the other term BR likes to use that I just blanked out on.

At least there are a few important adults in the world that are n0t WS whores.