What, you don’t follow Nick Leeson, the infamous “rogue trader” on Twitter? Get on that.
As the world watches in wait for the big rate hike announcement in a few hours, Leeson — who has been commenting quite a bit on the unfolding economic drama — tweets:
25bp increase is not the death knell some are predicting but if comments after allude to a number of increases, ESP, POR, IRE and GRE beware
If you’ve forgotten how it works, Trichet comes out with a one sentence (probably) policy announcement first. Then afterwords there’s a press conference, which is when we’ll learn a lot more.