DislikedFrom an interview with Russell Napier (sourced on Z H; on Bloomberg):
[size=1]Napier put his finger on today's market pulse when he said that investors will paradoxically like a bank nationalization as it will remove uncertainty if only in the short-term. "It is a very negative long-term thing for Europe" he says, but adds that "speaking to investors at the CLSA economic forum they are so convinced the euro is going to collapse that when it doesn't collapse, the market will probably go up." That said he concludes, "this is a major structural...Ignored
all this false prosperity allowed the currency. (along with uscb crap)
the u.s. is in hard financial times. the southern Europe countries depend a great deal on tourism. the euro goes up plus less employment in the u.s. hurts ez tourism. add in asia is linked to the usd and tourism falls more.
the reason germany ect. want the euro is being eaten up by the south being unable to afford the euro. its hard for the waitress to buy a car w/o a job. they can bail out the banks and all the countries they want. the end result is the same. this is a bullshit system that will fail.. if the euro goes up so does commodities in the u.s. that just leaves less money to buy beamers and visit france. in turn germfrance gdp shrinks. the land of ozz..
those who can, do. those who cant, talk about those who can
