Jump to content



Photo

Ignore Jim Mellon at your peril


  • Please log in to reply
2 replies to this topic

#1 stocks

stocks

    Member

  • Traders-Talk User
  • 4,307 posts

Posted 11 December 2018 - 06:49 AM

June 2016:

 

Jim Mellon: "EuroZone will implode in 3-5 years."

 

 

Mr. Mellon sets out what he says are the clear reasons for the impending collapse. France and Italy are in “debt traps,” meaning they are not able to grow their way out of evermore expanding debts.

 

Meanwhile, structural reforms are not available to a French government prevented from employing such measures by striking workers, and in Italy the banks are in “perilous trouble”, as reported previously by Breitbart London. For these reasons, Mr. Mellon says:

 

“France and Italy are probably going to be the key factors in the implosion of the Eurozone.”

 

 

http://www.breitbart...out-to-implode/


-- -

Defenders of the status quo are always stronger than reformers seeking change, 
UNTIL the status quo self-destructs from its own corruption, and the reformers are free to build on its ashes.
 

#2 stocks

stocks

    Member

  • Traders-Talk User
  • 4,307 posts

Posted 15 December 2018 - 07:39 AM

Tech giants like Google and Facebook are 'ripe for the plucking,' says investor Jim Mellon

  • Increased regulation and litigation lies ahead for tech giants like Facebook and Google, British investor Jim Mellon says.
  •  

 

"These fatted calves are now ripe for the plucking by governments everywhere," he said, adding that tech companies were going to be "pillaged" by administrations across the world. 

 

"We're going to see decimation of particularly Facebook," he added, saying that it was a "trivial use of modern technology and one that's rather sinister." 

 

 

 

https://www.cnbc.com...jim-mellon.html

 

-- -

Defenders of the status quo are always stronger than reformers seeking change, 
UNTIL the status quo self-destructs from its own corruption, and the reformers are free to build on its ashes.
 

#3 stocks

stocks

    Member

  • Traders-Talk User
  • 4,307 posts

Posted 24 February 2019 - 06:41 AM

June 2016:

 

Jim Mellon: "EuroZone will implode in 3-5 years."

 

Mr. Mellon sets out what he says are the clear reasons for the impending collapse. France and Italy are in “debt traps,” meaning they are not able to grow their way out of evermore expanding debts.

 

Meanwhile, structural reforms are not available to a French government prevented from employing such measures by striking workers, and in Italy the banks are in “perilous trouble”, as reported previously by Breitbart London. For these reasons, Mr. Mellon says:

“France and Italy are probably going to be the key factors in the implosion of the Eurozone.”

 

-

“New Economic or Financial Crisis” in the Eurozone Could Start in Italy: French Government Frets 

 

“Don’t underestimate the impact of the Italian recession.” This was the stark warning from French Economy Minister Bruno Le Marie in an interview with Bloomberg News. “We talk a lot about Brexit, but we don’t talk much about an Italian recession that will have a significant impact on growth in Europe and can impact France because it’s one of our most important trading partners.” https://wolfstreet.c...nch-government/


-- -

Defenders of the status quo are always stronger than reformers seeking change, 
UNTIL the status quo self-destructs from its own corruption, and the reformers are free to build on its ashes.