The BIS annual report is out, and you probably won’t read a more depressing economic brief this year. The gruesome details: Global economic growth in advanced economies was halved last year, to 1.6%, amidst an “abysmal fiscal outlook”; we have “a global banking system that is still dependent on economic support”; bank credit spreads are…
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Germany and China will save Euro
by Bears Chat at The Wall Street Examiner • • 0 Comments
In an interview yesterday with Der Spiegel, George Soros confessed that he’s not shorting the euro — but only because China is backing it up.
In a case of strange bedfellows, China and Germany will ultimately be forced to back up the struggling curre…
