Trichet’s bias has assured many that the central bank isn’t even considering reducing rates in the near-term. If the ECB maintains this stance this week, EUR/USD could surge above the record high of 1.53.

Are the Fed’s efforts really futile, we ask? Are they worse than nothing? Well, the answer depends on who you are. If you have been holding euros, instead of dollars, you might want to send the Fed a ‘thank you’ note.

We are only half way through the mortgage-reset storm. Expect more bad weather.

With US data reflecting eroding economic conditions and the financial markets still in turmoil, futures are increasingly pricing in a 75bp cut on March 18.

House buyers thought housing prices would go up forever. So did the people who lent them money. Of course, fantasies were behind the whole boom. Americans lived beyond their means and thought they could do so indefinitely.

The Royal Bank of Canada is expected to ease rates by 25 points from 4.00%, although expectations are increasing that a 50 point cut may be in store, as a U.S. downturn is weighing on the Canadian economy.

Tim Bourquin interviews Chris Perruna, who talks about the three stock screens he uses each night, and why he likes stocks that are about to bounce off their 200-day moving average.

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for March 3.

This week John Mauldin looks at several different definitions of inflation.

Lawrence G. McMillan reviews the options market in his weekly column for March 3.