• 3 minutes Nucelar Deal Is Dead? Iran Distances Itself Further From ND, Alarming Russia And France
  • 5 minutes Don Jr. Tweets name Ukraine Whistleblower, Eric Ciaramella. Worked for CIA during Obama Administration, Hold over to Trump National Security Counsel under Gen McCallister, more . . . .
  • 9 minutes Shale pioneer Chesepeak will file bankruptcy soon. FINALLY ! The consolidation begins
  • 12 minutes China's Blueprint For Global Power
  • 1 hour Pioneer's Sheffield in Doghouse. Oil upset his bragging about Shale hurt prices. Now on campaign to lower expectations, prop up price.
  • 8 mins EU has already lost the Trump vs. EU Trade War
  • 17 hours Tesla Launches Faster Third Generation Supercharger
  • 33 mins China's Renewables Boom Hits the Wall
  • 22 mins ''Err ... but Trump ...?'' #wall
  • 6 hours Passerby doused with flammable liquid and set on fire by peaceful protesters
  • 7 hours Who writes this stuff? "Crude Prices Swing Between Gains, Losses"
  • 7 hours Crazy Stories From Round The World
  • 2 days Climate Change Consensus Shifts in Wind, But Gas Is Still the Right Move
  • 18 hours Haaretz article series _ Saudi Arabia: A Kingdom in Turmoil | Part 1 - Oil Empire
Alt Text

Trade War Weighs On Western Automakers In China

Western automakers in China are…

Alt Text

Russia May Feel Pinch From Oil Cut Deal This Year

Russia’s central bank warned that…

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

Premium Content

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




Download The Free Oilprice App Today

Back to homepage



Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play