John Taylor, founder of currency-hedge fund FX Concepts LLC, talks about the European Central Bank's refinancing operations and the consequences for the euro.
The ECB will lend euro-area banks a record amount for three years in its latest attempt to keep credit flowing to the economy during the sovereign debt crisis. Taylor, speaking with Sara Eisen on Bloomberg Television’s “InsideTrack,” also discusses the prospects for a U.S recession in 2012.(Source: Bloomberg)
Running Time: 06:00