hisah wrote:murchr wrote:Quote:I have been very concerned about Europe. The euro is in the process of destroying the European Union. To some extent, this has already happened, in the sense that the EU was meant to be a voluntary association of equal states. - George Soros
On Yahoo He made a bucket load during the first ERM crisis and almost broke a CB (bank of england)! I wonder what he's up to after riding the current yen debasement by psycho Abe-nomics.
EU NPL spike esp the south regions is big trouble that EU wants to buy that stinking chunk of bad loans to give banks a chance to breath. Spanish banks are looking crimped with Bankia already seeking a bailout- as subprime proves to be a super titanic ship. Next Italian banks. Don't even look at the jobless rate or the recessing econ figures.
But with all these 'rosy' fundies, EU equities are scaling 2007 highs. Perfect storm this one... Now he's blaming the Germans, he told them they must accept Eurobonds or leave the Euro. I wonder what the implications would be if Germany left the Euro. Lord Jacob Rothschild took a £130m bet against the euro...I've been waiting for the chaos.
The economist Today"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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