Europe on Brink of ‘Major Financial Collapse’:


Europe on Brink of ‘Major Financial Collapse’: Guggenheim CIO – CNBC.

The way Europe is operating right now, it’s what I called recently ‘cognitive dissonance,'” Minerd said, or “basically doing the same thing thinking they’re going to get a different outcome.

“As the capital is flooding out of Europe, which we’re starting to see now, the first place it’s going to go is to the safe havens—[U.S.] Treasurys, which [the market] perceives to be safe, and it’ll chase gold,” he added.”

The beginning of the end?

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