“The Bernanke put is very much alive and well,” notes David Zervos of Jefferies, an investment bank, who says the Fed is determined to reflate the economy.

“伯南克看跌期权的形容十分生动形象”杰弗瑞投资银行的戴维德•泽尔沃斯这样写道，他认为联储正决心使经济再次陷入通货膨胀。

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"The structure of economic and monetary union has been left half-built, " Mr Zervos told me.

BBC: Americans wade in on Euro crisis

David Zervos from Jefferies Global Securities says many Americans regard the Euro with distaste.

BBC: Americans wade in on Euro crisis

As a manager, Zervos is sticking with local currency debt instead of the sovereign bonds issued in dollars.

FORBES: Oppenheimer's Main Street Case for Emerging Market Bonds