Thursday, June 23, 2011

John Taylor (FX Concepts) on CNBC (6/20/11)

John Taylor (FX Concepts) on CNBC discussing the Greek bailout, surrounded by a bunch of idiot talking heads:
- No hope for Greece - will never be able to pay back the debt
- Best solution is to get them out of the EU quickly
- Will Germans allows a "gift" to be made to the Greeks
- Will Greek politicians be able to withstand the pressure? Terrible history of coups, defaults...
- Surprised Euro is so high - his forecast is parity with the USD

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