In response to:

Non-News of the Day: "Draghi Says Risks to Downside"

citizen al Wrote: Feb 08, 2013 8:53 AM
It never ceases to amaze me how many people assume that, if the media is no longer talking about a problem, the problem is solved.
IndeePendent Wrote: Feb 08, 2013 8:43 PM
Except in regard to the homeless. After eight long years of stories detailing the misery and plight of the "homeless" during the Bush adminstration, POTUS Obama solved the "homeless" problem is less than six months. I mean, when was the last time NBC, CBS, ABC, MSNBC, CNN, etc. did a story on the "homeless" in America? No stories about the "homeless" living under bridges or in tunnels or parking garages at all any more. So the "homeless" problem must be solved! POTUS Obama, blessed be His name.

Today's non-news that has the currency markets in a flux with a rising dollar and a sinking euro is a revelation by ECB president Mario Draghi that Eurozone Growth Risks are on the "Downside".

Really? Downside?

Yes, really. It would have been shocking to hear otherwise in spite of all the happy fluff talk that the "worst is behind".

Before Draghi spoke I wrote about Illusions of Stabilization, with a spotlight on France and Germany. Please check...