In spite of the ECB rate cut, the Eurocrats just can’t seem to keep the Euro down versus the US Dollar.
Why?
Because Professor Bernanke is prepping his academic turkeys for more no-taper basting. Fed fear sells.
A 3.6% Q3 GDP print? No matter. Tumbling jobless claims? Big deal. Who cares what the economic data says? It’s always 2008 in Fed-Storytelling-Land and the sky is still falling.
Incidentally, that smell you’re smelling is the smell of #BurningBucks. Bernanke loves the smell of #BurningBucks in the morning.
Eurocrats? Not so much.