Boris Schlossberg, Managing Director at BK Asset Management, says the European Central Bank's rare announcement on Wednesday that it was concerned about the Euro's strength changed trading sentiment for the currency.
John The Tailor: It must be nice to run a corporation in the U.S. 1)Your fecal corporate debt is being purchased quite literally by the U.S. Fed, EU Fed, #$%$ Fed, and or Chinese central bank. 2)when and if you go under and because you are to big to fail, the tax payers bail you out. 3)when you are to big to fail and will drag down the economy you literally have the potus propping you up with legislation or free handouts. 4)you control all the media(Orwellian like) and can literally draft your own tax exemptions, and free trade agreements that quite literally trample the constitution. No wonder ever study shows CEOs of the top 500 companies to be inept morons. Why would they need to hire anyone competent with these HUGE safety nets making sure that even Nero of Rome could not fail.