Competitive Devaluation

Beware the Greeks Baring Parity!

My American friends can relax that their Central Bankers are not the only ones with a big mouth. ECB’s Stournaras said that the ECB shouldn’t be afraid to shift its “overly prudent” stance on interest rates away from that of the Fed. He later said that:

“NOW IT’S TIME TO DIVERGE.”

I know what he meant with this statement, but I’m afraid all that the market will hear is:

“NOW IT’S TIME FOR THE EURO TO DIVERGE”

I put the rest of his comments in Meme Format for traders with ADHD.