David Bloom, global head of foreign exchange markets at HSBC, spoke with CNBC today stating, its not a European crisis, this is a dollar crisis.

The following are the highlights of the discussion with the video in its entirety from CNBC:

  • Race between more money for greece and QE 3 as far as the market's concerned
  • They may not call it QE 3, maybe troika or reprofiling
  • This is not a European crisis, this is a dollar crisis
  • Gold and Swiss Franc are benefiting the most, swiss franc going crazy strong
  • Fear dominating markets
  • Worry about risk

See below for the video: