Trichet: Earlier rate increases were appropriate

So appropriate that they are setting the stage for a cut two months later…

The ECB consistently pushes up interest rates every time energy prices spike. The energy price spike subsequently slows the economy and the ECB has to scurry to cut rates…

Why not try this…HANG OUT A WHILE, DUDE! This too shall pass.

At long last, Trichet mercifully ends his penultimate press conference.