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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
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...If the dots don't connect, gather more dots until they do...




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Thursday, November 08, 2012

ECB President Draghi's Press Conference Today

ECB President Draghi's press conference today didn't tell me anything new. All I heard was that the ECB stands ready with monetary support, subject to conditions, to those Euro area countries that request a bailout...something he's been repeating since June.

I wonder what progress, if any, the EU has made on actually implementing meaningful fiscal/monetary/financial/economic/political reforms...from my viewpoint, it appears that nothing is being done to rectify a fractured and ailing Euro zone, which is in recession, and as unemployment rises to 11.6% in the Euro area.