Commentary on Political Economy

Monday 12 September 2011

Addendum to Previous Note - EU Banks, the Dollar and Bill Gross

PS: Even as we speak, the DAX is plunging below 5000. Incidentally, QE3 is either a certainty (as we had long predicted) or all hell breaks loose by the time Bernanke speaks again next week! One final note: Bill Gross in his latest monthly newsletter finally called the situation of this "crisis" correctly - but then immediately advised readers to bet against the US dollar! In all honesty, as I pointed out last week, I could not imagine anything more daft! (The US dollar is surging even as we type!) Cheers to all.

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