Ashraf Laidi's 2012 Euro Preview on CNBC

Ashraf Laidi tells CNBC's Maria Bartiromo about the need to understand the dynamics of 2010 and 2011 in order to grasp the first half of 2012, involving the interaction between the Eurozone recession, BRICs cycles and US economy. He also discusses the latest carry trades by the Eurozone banks, borrowing from the ECB LTRO to purchase higher yielding sovereign bonds, which helps supress bond yields despite ongoing Eurozone woes.