A Bloomberg article today quotes billionaire hedge-fund manager John Paulson as telling clients he sees a 50 percent chance the Euro breaks apart within the next 24 months.

“An event causing a breakup may happen in three months to two years, Paulson said on a conference call today reviewing second-quarter performance, according to the investor, who asked not to be named because the call was private. Paulson, who runs Paulson & Co., said he expects sovereign yield spreads to widen. ”

Of course Paulson is also the clown who lost 51% for his investors last year.

Maybe it’s Heads you lose – tails you lose.

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