I think the Euro will be slaughtered.The ECB will start to panic...

I think the Euro will be slaughtered.

The ECB will start to panic and drop interest rates in quick succession.

Watch our Reserve bank.

If they drop by 1/2,then things are really bad.

Ross Gittens wrote that Glen Stevens is a 1/4 point kind of guy.

I agree,so if he goes 1/2,things are really bad.

Notice the banks are all talking about following suit and passing on the rate cuts.

They would be seeing first hand how bad the mortgage stress is in this country.