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Top manager Bass: Don't bet on euro money-printing yet
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Thursday, December 01, 2011
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From The Stock Sage:

Kyle Bass is out with his latest letter to investors in which he makes the case that the market is incorrectly assessing the situation in the eurozone. He states:

"We have all been programmed to think that we will always be save from default in a post-Lehman world… EU members know that they will be required to print money in order to re-capitalize their systems. The $18 trillion-dollar question for the EMU periphery is:

Should they (ECB) print before or after a default? We think they print post-default as they come to realization that...

Read full article...

More on the euro crisis:

This could be a "make or break" week for the euro crisis

Statist billionaire George Soros calls for massive euro inflation

RISK ON: Stocks are surging on euro bailout news this morning

Topics: Euro | Inflation | Hedge_Funds
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