Don’t bank on a relief rally in the euro area anytime soon…
“Le Pen’s momentum is a slow-moving reaction against the men of Davos – as we have seen with Brexit and Trump – but markets don’t want to believe it.”
That’s the conclusion drawn by Charles Gave, founder of Hong-Kong based asset-allocation consultancy GaveKal Research, who, as Bloomberg reports, predicted the triumph of Donald Trump in the U. S. election, and is now betting on a win for the anti-euro National Front candidate.
This post was published at Zero Hedge on Apr 21, 2017.
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