Go Where Hedge Funds Fear to Tread

After changing a flat in the rain on my way home from seeing the third-grade Christmas pageant last night, I spent some time on the phone discussing the news of the day. The key topics were where Albert Pujols would sign and what actions, if any, the Europeans would take to save the world economy.

Most folks I spoke with hoped King Albert would stay in Saint Louis (he didn't). As for Europe, anything short of default and restructuring is just another form of can-kicking and doesn't really solve the region's problems. Pushing liquidity and low interest rates is not going to do it, either. And it doesn't appear to me that the various governments will ever agree on a real policy to fix the Europe's problems. I find myself in agreement with billionaire hedge funder Marc Lasry of Avenue Capital, who says buy Northern Europe and visit Southern Europe....624 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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