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Europe on Brink of 'Major Financial Collapse':Guggenheim CIO [structural problem,not a liquidity"]
CNBC ^
| August 2 2011
| By: Gennine Kelly
Posted on 08/02/2011 5:47:40 PM PDT by NoLibZone
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1
posted on
08/02/2011 5:47:46 PM PDT
by
NoLibZone
To: NoLibZone
2
posted on
08/02/2011 5:51:45 PM PDT
by
ken21
(ruling class dem + rino progressives -- destroying america for 150 years.)
To: NoLibZone
IDK How they will resolve this but the days of the Euro as we have known it, are numbered.
To: NoLibZone
...'cognitive dissonance,'" Minerd said, or "basically doing the same thing thinking they're going to get a different outcome."
Also known as insanity...same song, different verse on this side of the Atlantic.
Unless there is contagion from an EU collapse that then takes the US down, all we've done today is delay our own collapse till maybe 2013-2014, during Dictator Obama's 1st permanent term in the new USSA.
4
posted on
08/02/2011 6:01:51 PM PDT
by
CaptSkip
To: NoLibZone
It sounds just like the USA.
5
posted on
08/02/2011 6:08:13 PM PDT
by
mylife
(OPINIONS ~ $ 1.00 HALFBAKED ~ 50c)
To: hinckley buzzard
6
posted on
08/02/2011 6:12:37 PM PDT
by
Protoss
To: hinckley buzzard
7
posted on
08/02/2011 6:12:53 PM PDT
by
Protoss
To: NoLibZone
They just need some advice from The Ben Bernank.
8
posted on
08/02/2011 6:18:13 PM PDT
by
Rocky
(REPEAL IT!)
To: NoLibZone
Europe America is a "train wreck" and on the "brink of a major financial crisis," Scott Minerd, CIO of the fixed-income firm Guggenheim Partners, told CNBC Tuesday.
"The way Europe America is operating right now, it's what I called recently 'cognitive dissonance,'" Minerd said, or "basically doing the same thing thinking they're going to get a different outcome."
"They keep throwing more and more liquidity at it thinking it's going to get better and it's not," he added. Europe America fails to recognize that it has a "structural problem, not a liquidity problem."
9
posted on
08/02/2011 6:19:54 PM PDT
by
AAABEST
(Et lux in tenebris lucet: et tenebrae eam non comprehenderunt)
To: NoLibZone
Europe America is a "train wreck" and on the "brink of a major financial crisis," Scott Minerd, CIO of the fixed-income firm Guggenheim Partners, told CNBC Tuesday.
"The way Europe America is operating right now, it's what I called recently 'cognitive dissonance,'" Minerd said, or "basically doing the same thing thinking they're going to get a different outcome."
"They keep throwing more and more liquidity at it thinking it's going to get better and it's not," he added. Europe America fails to recognize that it has a "structural problem, not a liquidity problem."
10
posted on
08/02/2011 6:20:06 PM PDT
by
AAABEST
(Et lux in tenebris lucet: et tenebrae eam non comprehenderunt)
To: hinckley buzzard
All it will take is the growing tide of “Nationalism” among Germany and France, and this “experiment” called the Euro will collapse.
11
posted on
08/02/2011 6:26:35 PM PDT
by
Zeneta
(Why are so many people searching for something that has already found us ?)
To: NoLibZone
Guggenheim doesn’t exactly have a stellar reputation, value-of-the-trademark aside.
12
posted on
08/02/2011 6:34:24 PM PDT
by
_a_0_0_
To: Zeneta
13
posted on
08/02/2011 6:38:50 PM PDT
by
Zeneta
(Why are so many people searching for something that has already found us ?)
To: NoLibZone
Fleeing the Euro...
Fleeing the Dollar...
What's left? The Yuan?
or maybe...
BetOnIraq.com
/s
14
posted on
08/02/2011 6:45:55 PM PDT
by
ExGeeEye
(Freedom is saying "No!" to the Feds, and getting away with it. "Speak 'NO' to Power!")
To: ExGeeEye
Swiss Frank, but watch out for potential intervention to keep their currency from getting too strong.
Check out the charts on the Swiss vs. US, or the Euro.
15
posted on
08/02/2011 7:05:38 PM PDT
by
Zeneta
(Why are so many people searching for something that has already found us ?)
To: Zeneta
“All it will take is the growing tide of Nationalism among Germany ........, and this experiment called the Euro will collapse.”
And some screwy Corporal in the army to win over the people with grandiose visions of a new Germany in the future.
16
posted on
08/02/2011 7:07:20 PM PDT
by
CapnJack
To: CapnJack
That could NEVER happen /s
17
posted on
08/02/2011 7:12:14 PM PDT
by
Zeneta
(Why are so many people searching for something that has already found us ?)
To: CapnJack
Don’t count out the French.
I just saw your edit.
18
posted on
08/02/2011 7:14:56 PM PDT
by
Zeneta
(Why are so many people searching for something that has already found us ?)
To: NoLibZone
Germany was in the tank prior to WWII. Then they came out of it with a dictator. My daddy, when he was alive said “When the economy of the world is in the tank, population is to big, the only answer is war. Never forget that.” Funny that the older I get, the smarter my daddy gets.
19
posted on
08/02/2011 7:39:33 PM PDT
by
RC2
To: NoLibZone
The EU might just break up.
20
posted on
08/02/2011 8:05:01 PM PDT
by
redgolum
("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
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