Coming Depression Will Lead To The Collapse Of The Euro

December 13, 2011 06:16

“I think the periphery goes into depression. When you look at a country like Greece, it’s now been in recession for three years. GDP is probably down 15% from the top. The stock market is down 90%, which is the equivalent of 1929 to 1932 in the US. This is depression-like. – Business Insider

Cullen Roche, Pragmatic Capitalism | Dec. 13, 2011, 4:33 AM


Felix Zulauf was interview by King World News over the weekend and offered some excellent macro insights on the situation in Europe. The Swiss macro money manager, unfortunately, has been right about the Euro’s developments over the last few years and has a very dire outlook.


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