The Fed and the ECB’s Hands Are Politically Tied... Bye Bye Market Props

The following is an excerpt from my latest client letter.

As many of you know, my primary forecast regarding Europe is that the EU will be broken up and/or collapse within the coming months.

The reasons for this are political, financial, and monetary in nature. In bullet form they are:


France is about to elect a hard core Socialist. This will greatly alter political dynamics in the EU and will weaken Germany’s push for austerity.



Spain’s stock market and banking

Read more ...