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Buy doom, sell confidence? No calls for an EU-led imminent financial calamity are likely to be...

Buy doom, sell confidence? No calls for an EU-led imminent financial calamity are likely to be heard at this week's gathering of big shots in Davos. "The eurozone is broadly on the right track," says former Deutsche Bank CEO Ackerman. A year ago: The EU is a "time bomb," said then-Mexican President Calderon. VGK +15% Y/Y.
Comments (10)
  • Yes, a time bomb with a very long fuse......
    21 Jan 2013, 11:41 AM Reply Like
  • Wait, can Ackerman please tell us what is so different now than a year ago? Greece got a bigger bailout? And how did that fix any issues?
    21 Jan 2013, 11:51 AM Reply Like
  • clearly you don't pay attention


    significant (for Europe) structural reforms in the periphery
    major efforts at austerity
    the support of the ECB - Draghi is out Bernankeing the master.
    brightening picture in China


    Europe has a way to run yet.


    21 Jan 2013, 01:07 PM Reply Like
  • Go ALL IN now; the chorus of the bullish voices of the Wall Street brokers and analysts are getting louder and louder; so loud it pierced my ears!


    21 Jan 2013, 12:37 PM Reply Like
  • The last time we had real Euro gloom was Aug-Oct 2011, and it was a wonderful buying opportunity. PM at 5% yield!
    21 Jan 2013, 12:47 PM Reply Like
  • The Reinhart - Rogoff book has a "prototype" of a banking / currency crisis which has seven stages.


    Central Bank support for failing banks is in stage 2


    Stage 3 is currency crash


    Oh, but i'm sure for europe that this time it will be different...
    21 Jan 2013, 02:59 PM Reply Like
  • So, the solution to all our fiscal problems is simply unlimited money printing! My goodness, who knew the solution was so simple! The Euro Elite, like the US administration, must be so proud of themselves.
    21 Jan 2013, 04:42 PM Reply Like
  • I had a conversation this morning with a well educated academic who suggested the US. should go on a massive construction boom rebuilding its highways, bridges, schools and other decaying infrastructure because it worked in the 50s. I asked him where the money would come from. He said we could print it. I think he was serious.
    21 Jan 2013, 06:47 PM Reply Like
  • At least then we'd have something to show for the printing. Now, we got nothing.
    21 Jan 2013, 07:05 PM Reply Like
  • Every mother's child is beautiful until it misbehaves. Dragi will likely dislike his, "and it will be enough" assurance before the end of his tenure. The US, China and Japan are going to give the EU and euro a run for their respective lives. The currency wars have begun.
    21 Jan 2013, 07:37 PM Reply Like
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