Paul Sandhu says Flock of black swans in the air as Grexit looms
It was a weekend in which, according to traders, Greece facing an
“absolutely final” was going to be saved. Instead, it may go down in
history as the weekend in which the Eurozone finally split and its
long-overdue disintegration began.
After yesterday’s dramatic
report that Germany, together with 5 other nations, are contemplating a
“temporary” 5 year Grexit, it started to become clear that Schauble does
indeed want to make an example of Greece (perhaps for France and Madame
Frexit, perhaps for the rest of the European periphery where the
recovery is so “strong”, record youth unemployment still assures
landslide anti-austerity and anti-Euro victories) and so he did, when
the finmin meeting devolved into a total fiasco which ended in the most
acrimonious manner yet, one where not even a statement was forthcoming.
Number of black swans are circling overhead:
1. Grexit
2. Chinese Stock Market
3. Ukraine
4. Saudi Arabia /
5. Oil price crashing again
6. Extreme volatility in US markets
7. Eurozone and EU split
http://www.reuters.com/article/2015/0…
http://www.zerohedge.com/news/2015-07…
Source: http://blogdogcicle.blogspot.com/2015/07/paul-sandhu-says-flock-of-black-swans.html
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