Random Thoughts on The City, Wall St & Capitalism

Without a doubt Jean-Claude Trichet and the council at the ECB are my current heroes. Why? Well easy. While the MPC and our own central bankers have been picking their noses , and having endless cups of tea , umming and aahing - Should the rate go up or down or both? What way is up or down does anyone know, and while the Fed aggressively raised rates when it needed to last year, the ECB have sat and ignored the whole thing.No rate rises for the last five years 2% seems about right for the eurozone.-yep ok lets go fishing. If we calculate this a decisions per salary of the central bankers, then it looks like the ECB and JCT win hands down. Last year JCT got paid about 600,000 USD , whereas I understand that poor old Greenspan only makes approx 180,000USD a year. So that's 3 million dollars per decision at the ECB. Now that's magic! These figures come from a recent FT survey of central bankers pay.