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    Saxo's Jakobsen Says Merkel Right to Oppose Euro Bonds

    Thu, 05/24/2012 - 03:02 EDT - Bloomberg - Video News
    • http://gdata.youtube.com/schemas/2007#video
    • RDF10


    Saxo's Jakobsen Says Merkel Right to Oppose Euro Bonds

    May 24 (Bloomberg) -- Steen Jakobsen, chief economist at Saxo Bank A/S, talks about Europe's sovereign debt crisis. He also discusses the Australian and Chinese economies. He speaks with Rishaad Salamat and Susan Li on Bloomberg Television's "Asia Edge." (Source: Bloomberg)
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      Steen Jakobsen, chief economist at Saxo Bank in Denmark has some interesting "stress" charts in this week's email. click on any chart for sharper image France Germany 10 Year Bond Spread

    • European Crisis Summit Score 0-18 With Another Coming Up June 28; Is Merkel Misinterpreted? Will the FOMC Move Decisively?

      Steen Jakobsen, chief economist of Saxo Bank in Denmark, asks via email: "Is Merkel Misinterpreted? Will the FOMC Move Decisively?"  The misunderstood Chancellor. The market clearly believes Ms. Merkel will, ultimately, not withstand the pressure - and she will end up collateralizing rising debt. I remain extremely skeptical. I even dusted off my school German to read Der Spiegel and Focus, two major German weeklies, which give you a very different perspective.

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