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Lose That European Attitude

Wednesday, 23 Jan 2008 | 6:17 PM ET

Recession fears are dominating talk at the World Economic Forum underway in Davos, Switzerland. Will Europe continue to resist lowering interest rates even if it means the risk of a full-blown recession?

I think the ECB is behind the curve, says Tim Seymour. Interest rates in developed Europe are a lot higher than they are in the US.

So far Europe has been reluctant to cut rates, he says. Part of the issue is that there are conflicting views across 9 or 10 countries driving divergent points of view. Germany had been quite dominant and they’ve been very cautious about inflation.

If the ECB does cut interest rates I think the play is Turkey. Look at both Turkish Investment Fund (TKF) and Turkcell Iletisim Hizmetler (TKC), he counsels.

Tomorrow's Trades: World Econ. Forum
The Fast Money traders take a look at the World Economic Forum.

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Trader disclosure: On Jan 23, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (INTC), (YHOO); Najarian Owns (BIIB), (C), (CSCO), (EBAY), (MCD), (MSFT); Najarian Owns (AAPL) Calls, (COP) Calls, (NSC) Calls, (WM) Calls, (YHOO) Calls, (YRCW) Calls; Finerman Owns (GS), (M); Finerman's Firm Owns (MO), (ODP), (TSO), (YHOO), (AEO), (CROX), (HD), (WMT); Finerman's Firm And Finerman Own (FLS); Finerman's Firm Is Short (SPY), (MDY), (IJR), (IWM), (SPG); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts

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