{"id":13701,"date":"2011-06-09T11:10:34","date_gmt":"2011-06-09T15:10:34","guid":{"rendered":"http:\/\/www.thedisciplinedinvestor.com\/blog\/?p=13701"},"modified":"2016-09-20T08:56:57","modified_gmt":"2016-09-20T12:56:57","slug":"what-is-he-saying","status":"publish","type":"post","link":"https:\/\/thedisciplinedinvestor.com\/blog\/2011\/06\/09\/what-is-he-saying\/","title":{"rendered":"What Is He Saying?"},"content":{"rendered":"<p><a href=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2011\/06\/trichet-finger-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-13711 alignright\" title=\"trichet finger\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2011\/06\/trichet-finger-1.jpg\" alt=\"\" width=\"150\" height=\"100\" \/><\/a>As the market absorbed the news that the ECB was not going to increase rates, there was a sharp drop for the EURO. More importantly there was a sell-off of the currency as the timing for the next hike was not apparent.<\/p>\n<p>The comments from Trichet today have to be translated using the same cipher that was employed back when Greenspan was at the Fed&#8217;s help, with the addition of a linguistic program for the French accent. If that is not clear, lets just say that HE is not clear &#8211; <!--more-->obviously intentionally.<\/p>\n<ul>\n<li> Trichet Says Data Point Toward Continued GDP  Expansion &#8211; <strong><em>BUT, he also says;<\/em><\/strong><\/li>\n<li>Trichet Says Euro-Region Growth May Weaken In Second Quarter&#8230;.<\/li>\n<li>Trichet Says `Strong Vigilance&#8217; Needed To Contain Inflation &#8211; confirms this by saying:<\/li>\n<li>Trichet Says Risks To Inflation Outlook Remain `On The Upside&#8217; &#8211; <strong><em>BUT also said;<\/em><\/strong><\/li>\n<li>Trichet Says ECB Will Keep Up Full Allotment In REFI Operations<\/li>\n<\/ul>\n<p>So, this is what we can take away from the comments:<\/p>\n<p>Within the EuroZone, GDP is expanding, but contracting. Also, there is a concern over inflation that is worrying him, but he will continue to keep massive amounts of liquidity flowing. YEESH!<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2011\/06\/euro_trichet-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-13717\" title=\"euro_trichet\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2011\/06\/euro_trichet-1.jpg\" alt=\"\" width=\"374\" height=\"312\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the market absorbed the news that the ECB was not going to increase rates, there was a sharp drop for the EURO. More importantly there was a sell-off of the currency as the timing for the next hike was not apparent. The comments from Trichet today have to be translated using the same cipher [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[5,12],"tags":[100,483],"class_list":["post-13701","post","type-post","status-publish","format-standard","hentry","category-economy","category-markets","tag-economics","tag-markets","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"acf":[],"_links":{"self":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/13701","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/comments?post=13701"}],"version-history":[{"count":0,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/13701\/revisions"}],"wp:attachment":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media?parent=13701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/categories?post=13701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/tags?post=13701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}