Jackson Hole, Draghi Clears His Presence

"Too busy working" Draghi cancels at short notice his presence at the symposium. Two in our opinion the conclusions:
1) There is no joint effort between the Fed and the ECB. Bernanke attends to the meeting and if there was common planning between the two central bankers this would have been a good chance to prove it.
2) If Draghi is not in a position to bring forward a program to purchase securities on peripheral countries on that occasion all the more we believe it should not occurr at the meeting to be held Spetember six by ECB, where the majority shareholder, representative of the Bundesbank would oppose such measures. Never in the history of a central bank the opinion of the majority has been neglected.

It really seems that the market has built a castle in the air which will likely come down ballooning.

“工作太忙”德拉吉在短时间内取消他出席了座谈会。两个在我们看来的结论：
1）美联储和欧洲央行之间有没有共同的努力。伯南克出席会议，如果两者之间的央行行长共同规划，这将鸭舌一个很好的机会来证明这一点。
2）如果德拉吉是不是'中的位置提出一个计划，购买证券周边国家在那个场合，我们更相信，它不应该occurr在会议上Spetember6日举行，其中大股东，代表欧洲央行德国央行（Bundesbank）将反对这些措施。从来没有在历史的央行的多数意见已被忽视了。

这真的似乎市场已经建立了一个空中楼阁，这可能会回落气球。

Your email address *
Inserisci l'indirizzo email a cui vuoi segnalare *