Sanctions against Russia, even if well-intentioned, are threatening the Continent again, and it looks like Europe is poised for another bailout. David Tepper of Appaloosa Management, recommends shorting the euro. He was also touting short-term European debt, like bonds maturing in 2 or 3 years, according to Business Insider. The European Central Bank is deciding on whether to buy bonds, and this should send the currency down. The Euro has fallen recently, trading at $1.272o compared to the $1.2795 rate.
Tepper’s Appaloosa Management specializes in distressed assets, and if the euro is seeing trouble ahead, maybe Tepper is a good judge.
Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.
