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Europe: Monetary War Games and Davos

 

Europe: Monetary War Games and Davos

 

I think people will wake up finally and say, if they can short central banks, that is the trade of the century……The central banks will be exposed for all the fraud they commit.

 

Marc Faber.

 

I predicted that a decisive moment would arrive in Europe, but the speed at which it did surprised me. I expect that its institutions will survive a while, and I expect that most people will think I am overreacting. That's possible, but I don't think so. Regardless of the technical and political purpose behind the decision to implement quantitative easing, and however defensible it is on its own grounds, the moral lesson is that Europe ultimately is a continent, not an idea.

 

George Friedman, Stratfor

 

When one spends a lot of time in the US and Asia, it is easy to start thinking of Europe as an anachronism or “just a great museum,” as one Russian ... Log in or subscribe to continue reading.


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