May 10 (Bloomberg) -- European policy makers unveiled an unprecedented loan package worth almost $1 trillion and a program of bond purchases to stop a sovereign-debt crisis that threatened to shatter confidence in the euro. Stocks surged around the world, the euro strengthened and commodities rallied.--
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Comment: Once in a while over the past couple of months I felt like the only man left who would hold on to the euro, be sure that there would be a bailout and that the European authorities would do all they can to save their common currency. This does not mean that I like what has has been done. In fact, what has been done strengthens the likelihood that the other scenario is about to unfold: global hyperinflation, and, of course, I don't like that very much either.
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