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2012’s Biggest Lie, 2013’s Biggest Risk

EU Crisis Reminder: Why It Isn’t Getting Better, Implications for Stocks, Gold, the EURUSD and Other Currency Pairs and Asset Classes, and What To Do While doing research for our recent 4 part summary of 2013 market forecasts, I noticed that few analysts or prominent writers believed the EU would present major trouble in 2013. Reasons for this include:The belief that the OMT’s promise of unlimited bond buying should be enough to inspire confidence in GIIPS bonds, and keep Spain and other GIIPS nation borrowing cost low Market focus on the US elections in early November (and a US request for quiet from the EU during that time), followed by market focus on the US fiscal cliff EU officials have…