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IMF’s economist sees more pain in Europe

By   || January 6, 2012 at 21:47 GMT
|| 3 comments || Add comment

Chief economist Olivier Blanchard on Bloomberg TV:

  • Europe will “probably” have recession
  • Greek haircut “could have to be larger”
  • Greek economic numbers “are not good”
  • There will be “missed targets” in Europe
  • European weakness beginning to spill over to emerging markets
  • Credit downgrades coming but priced in
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3 Responses to “IMF’s economist sees more pain in Europe”

  1. Darragh on January 7th, 2012 14:03 GMT

    Goldman’s Stolper recommends short EUR/USD. Zerohedge sees this as confirmation to go long the pair

    http://www.zerohedge.com/news/goldmans-stolper-speaks-sees-eur-downside-120-time-go-all

  2. Temitope Idowu on January 7th, 2012 18:01 GMT

    Yes, the EURUSD is going to continue to drop for a short period and then bounce back to continue going long, therefore traders should prepare to GO LONG this week for the EURUSD. My own trading analysis with a future action indicator gave me the awareness.

    Thanks
    To your Trading Success

    Temitope Idowu
    Nigeria

  3. Central Bank News on January 8th, 2012 01:57 GMT

    The question is, when will the ECB take action? They’ve got an Italian at the helm, and a Belgian as the chief economist – can they defy the Germans and take more aggressive action to help shore-up the EU?

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