Posted on 11/16/2012 1:58:53 PM PST by ExxonPatrolUs
Hedge fund manager Kyle Bass was on Bloomberg’s Market Makers with Stephanie Ruhle talking about his bearish views on the E.U. and the status of the currency union as a whole.
He said that the E.U. is “three times more levered” than the U.S. and that the entire system is “on life support.”
He believes that the there's a small window of short-term investment opportunities in the E.U. that are akin to "picking up a dime before a bulldozer."
Bass also echoed the popular opinion that Greece needs to leave the E.U. if it is ever going to be competitive.
However, he also went into less charted territory after Ruhle asked: "In Europe, any chance you see Germany leave the euro?"
"Yes," he replied.
"And what kind of time frame?" Ruehle followed.
"I think in the next 3-4 years you see them take a step back," said Bass.
(Excerpt) Read more at businessinsider.com ...
Well, since Germans love to give new names to their new currencies when they get them, I wonder what they will call the new Mark?
I’ve got it. Showing their new respect for business, they should call it the “Bismarck” (with or without the ‘c’).
they should call it the “Bismarck”
But if they really want to annoy the lefties, they should call it the Hapsburg.
Another bogus story propped up by British press.
Aside from the Rothschilds and the their supplicants, who really likes the Euro?
That aside, Germany is the real powerhouse. Until the Euro’s failure is imminent, they will be the last to reject it.
Actually I did mean Hapsburg since that was the monarchy that essentially started WW1 and is the monarchy all the leftists worked to overthrow. So it would really get their panties in a bunch to have a new bill named after that monarchy.
But now that you mention it, Hindenburg is probably an even better choice what with him being responsible for giving Hitler all the power and with his name being associated with the Hindenburg disaster.
Why should Germany name their currency after the Austrian house of Habsburg?
The Prussian royalty were of house Hohenzollern
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