Forget Greece, Spain or Portugal that are euro-zombie already at the non-return stage. By the way, prepare yourself for Spain asking for another bail-out at the ECB, because is coming this year. But, that is not what has been bothering me lately. See, I have all my family and friends in Europe, and I talk to them daily on the phone or Skype. Things are looking very, very bad indeed. My guts are telling me that this is the year for Italy, just the 3rd largest European economy and 8th or 9th in the world, if not even France ( number 2nd and 5th respectively) are going to need the ECB to trow them a life jacket in order to stay afloatImage may be NSFW.
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My 2014 crazy card prediction( not that much actually) is that this summer is going to be a very hot-Euro summer and that the PIIGS (soon to become PIFIGGS with France & Germany not that healthy banking-wise) will be taking again the headlines. Maybe the dollar (LMAO) will get an initial spike as perceived again as the last world resource currency, but make no mistake once looking at the 800 LBSImage may be NSFW.
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gorilla with a stars & stripes T-shirt, at the end the very winner will be…GOLD!
Stay tuned for more, ciao!Image may be NSFW.
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