Collapse of the euro is 'inevitable' says French Banking Chief

Albert Edwards is a carnival barker. It's about time that he simply STFU.

 

Do you write off the roll over as "hedging costs" in your fund ?

 

Yupe... But interestingly the spread in FX is quite small. Usually about 2 pips, which is peanuts. I was expecting quite a bit more.

 

Conversely if you take out non-gun crime murders (due to widespread UK fist ownership), the US is more violent than even the UK.

 

It's completely different:
By printing, you destroy the value of the money, impoverish those who hold the paper money (I.E. everyone), and destroy the confidence in the Central Bank.
By defaulting, you INCREASE the value of the money, impoverish mostly those who hold the bonds, and destroy the confidence in the Government.

The UK is a remarkable case: they managed to destroy the confidence in both the pound/Central Bank AND the Government.