From Zero Hedge:
John Taylor appeared earlier on the 2011 Reuters Investment Outlook Summit, and among various interesting things (namely another call for EUR-USD parity, and that he would "love to be owning gold right here"), he said that the U.S. is imminently headed for another recession, a development that will boost the USD and weigh on commodities.
Yet what is more interesting is that in his latest "Chairman's View", Taylor put down a specific date for the end of the recent recovery in European currencies: the date is tomorrow, the day of the Irish Budget decision, and also the day when Europe may see a coordinated effort for a bank run. Taylor also notes that...
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More on the euro crisis:
Top currency hedge fund: Nothing can stop the euro crash
Forget Greece and Ireland, this is the only country that matters
This simple chart shows why the euro bailout is guaranteed to fail
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