AUERBACK: THIS IS A FUNDAMENTAL CURRENCY FLAW

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

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Cullen Roche

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.

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