Tag Archives: European Crisis Summit Score 0-18 With Another Coming up June 28; Is Merkel Misinterpreted? Will The FOMC Move Decisively?

Mish/ Mike Shedlock – European Crisis Summit Score 0-18 With Another Coming up June 28; Is Merkel Misinterpreted? Will The FOMC Move Decisively? – 20 June 2012

 Steen Jakobsen, chief economist of Saxo Bank in Denmark, asks via email: “Is Merkel Misinterpreted? Will the FOMC Move Decisively?”

The misunderstood Chancellor.

The market clearly believes Ms. Merkel will, ultimately, not withstand the pressure – and she will end up collateralizing rising debt. I remain extremely skeptical. I even dusted off my school German to read Der Spiegel and Focus, two major German weeklies, which give you a very different perspective. Continue reading

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