Mish's Global Economic Trend Analysis |
ECB President Draghi Urges Less Talk and More Talk (On the Same Subject) Posted: 18 Feb 2013 03:49 PM PST When it comes to currency wars, ECB president Mario Draghi made an amusing set of statements as excerpted from the Bloomberg article Draghi Seeks to Quiet Talk About Global Currency War
Let's see if I have this straight: "The less we talk about currency wars the better, but we need to exercise very, very strong verbal discipline because currency war talk is excessive and the exchange rate may have an effect on inflation." Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com |
Posted: 18 Feb 2013 09:07 AM PST Here's an interesting story from Friday regarding sales at Walmart that just came my way: Wal-Mart Executives Sweat Slow February Start in E-Mails. Wal-Mart Stores Inc. had the worst sales start to a month in seven years as payroll-tax increases hit shoppers already battling a slow economy, according to internal e-mails obtained by Bloomberg News.Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com |
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