Great stuff here from Marshall Auerback, economist and fund manager. Auerback explains why this is a fundamental flaw with the Euro currency, why this was Bear Stearns and why the market will eventually call Europe’s bluff:
Source: Fox Business, Credit Writedowns
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.