CNBC: Fed could trigger SELL off this week+ Germany is in recession.
SAN FRANCISCO (MarketWatch) -- The recession in Europe will spread to Germany, the euro-zone's largest economy, within six months, said George Soros, chairman of Soros Fund Management. "The policy of fiscal retrenchment in the midst of rising unemployment is pro-cyclical and pushing Europe into a deeper and longer depression," Soros said in prepared remarks for a speech in Berlin Monday. "That is no longer a forecast; it is an observation. The German public doesn't yet feel it and doesn't quite believe it. But it is all too real in the periphery and it will reach Germany in the next six months or so." Germany needs to abandon its demands for austerity in other countries, and embrace the continued fiscal unification of the region, or leave the euro zone itself, he said
You're just the latest clown to come on here touting the end of the euro. Many clowns have come before you. They are all gone. as you will be. I travel to Germany and Europe all the time. I also do business there. I can tell you I wold not bet against the euro and the Germans leaving the EU.
They have no plans whatsoever to do so.
You should bet big against the euro. It will be great to watch another idiot lose it all. LOL!!