Calm Before The Storm As The World Heads Into 2nd Meltdown
September 24, 2013
With continued uncertainty in global markets, today acclaimed money manager Stephen Leeb warned King World News that what we are seeing right now is the “calm before the storm” as the world heads dangerously into a second “meltdown.” Below is what the acclaimed money manager had to say in this candid interview.
Leeb: “In Europe, despite Merkel’s overwhelming victory, she still has to bring together a coalition. There are great concerns inside Germany about how much money Germany has lent out in order to support the weaker economies. Also, there is concern about what the long-term effects of that lending will be.
So, the prognosis for the euro is not particularly good….