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Black-Swan

Black Swan New Year Letter 2015

By Richard Poulden | Saturday 10 January 2015


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from TopStockProphets). I have no business relationship with any company whose stock is mentioned in this article.


So as 2015 dawns we can gaze upon the familiar wreckage that is the new norm for the Euro. The blood coming through the Greek bandages, which we were assured were merely little bits of residual bleeding, are now exposed to be the full-on broken limbs some of us said were always there. How much has been spent on Greece? Does any body know? €45 bill to start in 2010, two months later €130bil, €130bil in 2011, the default of 2012 for €206bil and another €130bil needed at the end of 2012…is this the same money: does anybody care?

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