Category Archives: How to lose a trillion dollars in 10 days

How to lose a trillion dollars in 10 days

How to lose a trillion dollars in 10 days.
The EUR USD fell to a new low for the year, in effect, wiping out the $1 trillion bet placed by the European Union over the week-end. But the learning’s from this exercise to leaders globally should be obvious: the markets aren’t stupid, the markets don’t believe in promises made to be fulfilled by successors.

Remember these words from James: “EU and IMF are out of bullets so buckle your seatbelt”
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