Tuesday, December 7, 2010

"German Finance Minister Has Some Advice For Anyone Trying To Profit Off The Euro Collapsing"

"He lied like a finance minister on the eve of a devaluation"
-Warren Buffett

One of my favorite Warren quotes, I used it in our April '08 post "10 Ways the World Could End and How to Play Them"

Here's the headline story from DealBreaker:
Take your money and go play Keno with Grandma– nothing to see here.
“Whoever bets on the collapse of the euro is wasting his money,” German Finance Minister Wolfgang Schaeuble told reporters in Brussels after a two-day meeting. “We shouldn’t make markets any more nervous. Instead, we should do everything to get markets to have a more realistic view of the situation.” [Bloomberg]
And her tags:
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