• 4 minutes China goes against US natural gas
  • 12 minutes WTI @ 67.50, charts show $62.50 next
  • 15 minutes Saudi Fund Wants to Take Tesla Private?
  • 45 mins Downloadable 3D Printed Gun Designs, Yay or Nay?
  • 35 mins Peak Oil is Now!
  • 3 hours Rattling With Weapons: Iran Must Develop Military To Guard Against Other Powers
  • 5 hours Russians hacking vs U.S., Microsoft President: Russians Targeting All Political Sides
  • 56 mins Corporations Are Buying More Renewables Than Ever
  • 11 hours VW Receives Massive Order Of 1,600 All-Electric Trucks
  • 22 hours Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 19 hours Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 1 day The EU Loses The Principles On Which It Was Built
  • 23 hours CO2 Emissions Hit 67-Year Low In USA, As Rest-Of-World Rises
  • 1 day Starvation, horror in Venezuela
  • 16 hours Batteries Could Be a Small Dotcom-Style Bubble
  • 1 day The Discount Airline Model Is Coming for Europe’s Railways
Mad Hedge Fund Trader

Mad Hedge Fund Trader

John Thomas, The Mad Hedge Fund Trader is one of today's most successful Hedge Fund Managers and a 40 year veteran of the financial markets.…

More Info

Trending Discussions

Why the Euro Crisis Could Go On for Five Years

You often hear the expression that a camel is a horse designed by a committee.

The dromedary that the European Central Bank has is spitting mean and ill tempered. Europe does not have one guy like Ben Bernanke who can take bold, imaginative action in an emergency and has the powers to enforce them.

Even the ECB's mission is diluted when compared to Federal Reserve.

While the Fed's is charged with maintaining economic growth while keeping inflation under control, the ECB is only interested in the latter.

While Bernanke can call all the major bankers into a room over a weekend and announce a bailout on Monday morning, ECB president Jean-Claude Trichet is limited to making a few feeble, non-credible statements, leaving the EC's 27 members pointing fingers at each other.

The problem for us is that European disarray is no doubt shaving economic growth points off of America's. That is what the stock market has been telling us all week.

In Cambodia, they used to tell us newbie war correspondents to never stand next to a dummy, because the enemy may aim at him but hit you.

While we have already survived the weeding out of our subprime banks, our cousins across the pond have only just started culling their subprime countries.

Although a large part of the demise of the euro is already in the price, the headline risk is going to remain for a long time.

By. Mad Hedge Fund Trader




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News