Steve Barrow Quotes

Worse still, there are ominous signals from the U.S. that the ECB might not have a willing ally in the Republican Party, if the GOP gets its feet under the desk at the Oval office on Nov. 7... Bush's chief economic advisor Lawrence Lindsey suggested that the U.S. was wrong to intervene on behalf of the euro.

- Steve Barrow

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Worse | Ominous | Signals | Ally | Republican |

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[The ECB] has egg on its face... The conventional wisdom is for a central bank to buy on the upward momentum. The euro was doing well until the ECB decided to step in. It's a bad, bad day at the office. - Steve Barrow

I don't think the bank's message has really changed. The one view is that if consumer demand doesn't slow down, it will have to raise rates. But the other view is that consumer spending will come down. - Steve Barrow

History has shown currency intervention is a long drawn-out battle... It will take weeks, if not months, with or without the U.S., to boost the euro. It'll take a miracle. - Steve Barrow