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.
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