Once Europe comes out of the German elections in Autumn of next year, investors will likely push the euro towards its clear long term bullish trend, said Jim O'Neill, chairman of Goldman Sachs Asset Management in an interview with CNBC. That might be the point where the US starts to come under pressure from the markets as investors start to believe that the euro is a true global reserve currency to compete with the US dollar, he clarified. "Since August of last year, the US had this strange benefit that this persisting European crisis is around and global investors can't deal with two huge dilemmas at the same time ... (full story)