SOVEREIGN ALCHEMY WILL FAIL

A Newsletter “SOVEREIGN ALCHEMY WILL FAIL” by Egon von Greyerz has been posted on the Matterhorn Asset Management website:

“When we look at the world economy today, wherever we turn we see a wall of risk. And sadly this is an insurmountable wall with risks that are totally unprecedented in history. There has never before been a potentially catastrophic combination of so many virtually bankrupt major sovereign states……… ”

To read the Newsletter on MAM click the following link:

http://matterhornassetmanagement.com/2010/02/11/sovereign-alchemy-will-fail/