this euro is accelerating to the downside,someone might have info that there is no QE hint coming tomorrow.I was banking on that to push the dollar down and euro up.something is not right here.will wait to buy the euro but i still think the bottom is near,too many shorts getting in down here in the 1.22 area

I hate to challenge mainstream 20th century macroeconomic theory, but the idea that a growing economy needs easy credit is a false theory. Credit should be supplied by the free market, in which case it will almost always be offered intelligently, primarily to producers, not consumers. Would lower levels of credit availability mean that fewer people would own a house or a car? Quite the opposite. Only the timeline would be different.