Another Day Another Meltdown

ECB’s Kranjec says Financial Crisis will be long
ECB doesn’t talk about negative growth at the moment but that growth is close to zero.

ECB’s Ordonez sees problems spreading to multinational companies.
ECB’s Quaden says had not anticipated how bad the financial crisis would be.

A few headlines from the ECB yesterday morning.

I am becoming convinced that rates globally will have to come lower ! The global economy is slowing drastically. Crude and commodities in general are coming off, therefore inflation will follow. Bernanke said that the Fed is ready to lower rates when needed. I expect at the next meeting (Oct29) the Fed will cut.....But time will tell

Not much else to add.

Good Luck and Good Currency Trading.