Not even...

25 basis points raise will not change a thing for 
inflation that is at 4% in the Eurozone, or TWICE
as high as what they had said they wanted to 
contain it to!

Besides, inflation these days comes from surging
demand of commodities, mostly from Asia, and pretty 
stable demand for same in developped countries.
The end result is an imbalance in supply/demand, and
surging prices that result from it.

Trichet could jack up ECB rate to 10%, and it would 
still make no difference at all in the price of oil, wheat,
corn, copper, iron ore, etc, etc, etc...

----- Original Message ----- 
From: "JP May" <jpm@...>
To: <gold-silver-crypto@...>
Sent: 04 July, 2008 10:33 PM
Subject: [gsc] ECB + 1 day

http://www.reuters.com/article/gc04/idUSL044171220080704

they seem to now be making a little more anti-inflation noise, no ?

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