Jeffrey Saut, Chief Investment Strategist at Raymond James, is one of the smartest minds on Wall Street.
In a new interview with King World News, Saut shares a rumour that he has heard about an enormous bailout program for the beleagured eurozone.
If you read the tape today, you can see that Monty and Hollande are pushing for a more unified front, whereas Merkel is avoiding the topic for right now. She did endorse a more pro-growth package. But as we speak, the details are still not out there on how it will be structured or how it will be financed.
What I am hearing is they are readying a two trillion euro bailout package. If that happens, I think it almost puts our Federal Reserve into a box whereby they will have to provide some kind of liquidity event in order to keep the US dollar from spiking higher because the powers that be don’t want a stronger dollar.
That’s no small amount of money. Whether or not that rumour materialises, we shall see.
Read more at KingWorldNews.com.
SEE ALSO: The Eurozone Crisis For Dummies >
NOW WATCH: Money & Markets videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.