IMF’s economist sees more pain in Europe
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

AUTOREFRESH 













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
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
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?