Tuesday, April 17, 2012

Greek and Italy Debt running out of control

Hedge Fund CEO Mike Platt Interviewed by Bloomberg on 15-12-2011 on the Euro Crisis. 
Mike thinks that the Greek and Italy Debt is running out of control and any country in Europe could be the next Greece.  His company, Bluecrest Capital Management, now keeps their money in US and German bonds to hedge themselves from a full blow out of the crisis.   

Although I do not agree with his strategy to go into bonds but he sure sounded pessimistically serious and convinced that a big crisis (worst than 2008 scenario) is coming.

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