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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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Dec 31 4:00 PM EST

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Hawkmoon

To: Oblivious who wrote (112268)	10/10/2018 10:47:17 PM
From: robert b furman	1 Recommendation of 220947

I wonder if Lagarde got some cajones and told Eragon no 13th bail out coming your way. IMF should not be bailing out a dictator who harbors terrorists and is a member of the Euroland! Both of those events should clobber the Euro, could be, the British cable got a bounce today. Britain would do well to get out of the Euroland ASAP!! If so Draghi will print money forever. That will put the brakes on rate rises globally. When Turkey defaults - the Euroland banks (France from what I read) will take the brunt of the losses. MAYBE !! Italian banks have been as big a laggard as Japanese banks. They refuse to write off non performing loans. The lesson learned from the USA's recovery is take your write downs - don't pay taxes for a decade or two and recover. Somehow I think the eurocrats don't want to pass on the tax revenues? Instead Italy should spend less and not take their medicine - they're phkd. I feel a ITAL-EXIT coming on. Oh my GOD what a EURO MELT down coming! Even Jamie Dimon could'nt fix that! Bob

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