Juggling Dynamite

Last week while Germany’s gate-keeper Angela Merkel was off line for the day hiking with hubby, the ECB’s Mario Draghi seized the opportunity to elate algo traders everywhere with bold pledges of support (aka blank German cheques): the ECB would do everything within its mandate to save the Euro. Since then the Bundesbank and other German representatives have issued a series of statements in the “nein” line as they continue to assert that insolvency problems facing some states are fiscal and that these problems should be addressed by government efforts to rein in deficits not further monetary injections. Here is a direct link.

Silvia Wadhwa is in Frankfurt with more on the meeting between US Treasury Secretary, Tim Geithner, Wolfgang Schäuble, Germany’s finance minister and European Central Bank President, Mario Draghi. Here is s direct link.

Ever wondered what you were thinking after making a bad decision? Nobel Prize-Winning Psychologist Daniel Kahneman explains.

Here is a direct link.