Tag Archives: Mark Schofield

Opening Quotes: Two Tail Days

From the FT:

“The crisis is deteriorating at an ever-increasing pace,” said Mark Schofield, a senior strategist at Citigroup. “Investors are increasingly pricing in either of the two tail risks – full eurozone break-up or fiscal union.”

Agreed.

Its as simple and horrendously complicated  as that.

I find myself torn between wanting to believe Barroso’s ‘very big step <forward>’ is close …….

Whilst sensing we need another – genuinely traumatic – event to breakdown the final barricades of resistance.

Crisis fatigue is creeping across the screens.

Can the eternal ‘fudging’ last much longer?

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