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"I think we're a year away from the French fully nationalizing their banking system," Hugh...
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Wednesday, May 2, 2012, 9:47 AM ET"I think we're a year away from the French fully nationalizing their banking system," Hugh Hendry tells the gathering at the Milken Institute. The trade in Europe, he says, is to be short financials and long exporters as he sees the euro headed towards parity with the dollar, "a profound economic advantage to what are already super-competitive businesses." (full panel video here)
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not a single chance France will do such thing ...
doesnt mean short european financials is a bad idea considering europe mess.....