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Thursday, June 2, 2011

John Taylor of FX Concepts on CNBC

John Taylor the manager of FX Concepts - and arguably the best currency trader in the world was on CNBC this morning discussing the potential of a recession in 2012. He feels fairly confident that we will have at least two quarters of negative GDP growth and will likely have a weak stock market as well. He also discusses the potential for a QE3. He is bullish on the U.S. dollar as it is still the reserve currency and Europe is in shambles, this is slightly counterintuitive given his bearish stance on the U.S. economy but does make sense from an practical standpoint.


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