Thursday, April 25, 2013

Trending to Truthful

As the euro-region economy slumps even further and market chatter for an ECB rate cut grows even louder - we couldn't help but notice that our ECB Hubris Meter was trending with a little truthiness. Whether Asmussen or Draghi are booked on the Colbert Report next week remains to be seen - and to be honest we have expected action further down the road and much closer to the low 120's - the needle is moving in the right direction.