David Kotok of Cumberland Advisors, one of the few advisors who got all his calls correctly have this to say about the recent Cyprus situation on the ground.
We have not reached this painful conclusion without careful research. We have had a series of meetings in Paris with money managers, central bankers, investors, and academics. All of our meetings here were private. In the candor of those private discussions, we come away with the most troubled view we have had of the Eurozone, the experiment in this single-currency block, and the market structures in Europe. This is a place in trouble. Courses of action that evidence more flailing than forethought are not making things any better.
We will soon leave for Dubai for the Global Interdependence Center event, the latest in the GIC Banking Series, this time focused on challenges and opportunities in the Middle East. Our comments on March ...
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