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Tag Archives: italy
“It Will End In Tears”: World Stocks, Euro Slide As Italian Contagion Spreads
“It Will End In Tears”: World Stocks, Euro Slide As Italian Contagion Spreads World stocks slumped, European assets sold off and the Euro dropped to a three week low on Tuesday after anti-euro comments from an Italian party official sent renewed shockwaves across Europe and the globe, and pushed Italy’s bond yields up to multi-year […]
The Stock Market Just Crashed In Italy, And Argentina Has Panic-Raised Interest Rates To 65 Percent
The Stock Market Just Crashed In Italy, And Argentina Has Panic-Raised Interest Rates To 65 Percent In the 9th largest economy in the world, the financial markets are crashing, and in the 21st largest economy in the world the central bank just raised interest rates to 65 percent to support a currency that is completely […]
Europe Launches War On Italy’s Fiscal Plans: Warns Of Debt “Explosion”, Threatens Savers
Europe Launches War On Italy’s Fiscal Plans: Warns Of Debt “Explosion”, Threatens Savers In the aftermath of Italy’s defiant announcement that it would expand its 2019 budget deficit to 2.4% of GDP, above both the initial proposal from finmin Tria which was 1.6%, and also higher than the European “redline” of 2.0%, the question was […]
Italian Stocks Crash Most In 2 Years, Bond Yields Soar Amid Budget Deficit Liquidation Panic
Italian Stocks Crash Most In 2 Years, Bond Yields Soar Amid Budget Deficit Liquidation Panic After yesterday’s last minute decision by Italy’s ruling coalition to boost the country’s 2019 deficit to 2.4% of GDP, a number that challenged Brussels and its demands for a deficit no greater than 2.0% and made a mockery of the […]
A League of Leagues of Their Own in Europe
A League of Leagues of Their Own in Europe “There’s no crying in baseball!” — A League of Their Own The Great Realignment is coming to Europe next year. All the writing is on the wall. This summer saw German Chancellor Angela Merkel survive a leadership challenge by her coalition partner Horst Seehofer over her […]
Italy’s Stagnant Economy the Most Likely Trigger to Europe’s Existential Crisis
ITALY’S STAGNANT ECONOMY THE MOST LIKELY TRIGGER TO EUROPE’S EXISTENTIAL CRISIS With the focus on Turkey and the potential related fallout in other emerging markets in recent weeks, it is easy to forget about the Eurozone. Yet the current Italian government is likely to trigger a renewed existential crisis in the Eurozone once the Europeans […]
Italy-EU Migration Feud EU Boils Over With Italian Threats: Schengen at Risk
Italy-EU Migration Feud EU Boils Over With Italian Threats: Schengen at Risk Italy and the EU are in a standoff setup over migration issues. Italy threatens to halt payments to the EU budget. A migrant ship, the Diciotti, docked at the Italian port of Catania, but prime minister Luigi Di Maio threatened that Italy would […]
Italy Threatens To Stop EU Funding Unless Other States Accept Refugees
Italy Threatens To Stop EU Funding Unless Other States Accept Refugees Europe’s refugee mess is back with a bang. On Thursday, out of the blue, Italy’s Deputy Prime Minister Luigi Di Maio threatened to stop financial contributions to the European Union next year unless other states agreed to take in migrants being held on a […]
Looks Like Italian Default is Back on the Menu
Looks Like Italian Default is Back on the Menu Italian Deputy Prime Minister Matteo Salvini was right to call out the EU over the failure of the bridge in Genoa this week. It was an act of cheap political grandstanding but one that ultimately rings very true. It’s a perfect moment to shake people out of […]
From “Doom Loop” To Just “Doom”: Italian Debt Faces A “Huge Structural Shift”
From “Doom Loop” To Just “Doom”: Italian Debt Faces A “Huge Structural Shift” At the start of July, we revealed that a familiar force had returned to Europe. According to ECB data, during May when the market saw unprecedented Italian government bond turmoil, Italian bank holdings of domestic government bonds showed record buying over the […]
Italy Warns that Stopping QE will Lead to Collapse of Eurozone
Italy Warns that Stopping QE will Lead to Collapse of Eurozone Italy has called on the ECB to guarantee the bond yields warning that if they END quantitative easing the Eurozone will break apart. On this score, they are not wrong. The economic spokesman for the Italian governing party Lega has warned of a collapse of the […]
Blowback: UniCredit Becomes First Major Corporation To Sever Ties With Facebook Over Ethics
Blowback: UniCredit Becomes First Major Corporation To Sever Ties With Facebook Over Ethics Facebook has lost a major advertiser, UniCredit SpA, which has severed all ties alleging that the social media giant hasn’t acted ethically, reports Bloomberg – which notes that “other large companies” may follow suit. CEO Jean Pierre Mustier says the bank maintains that Facebook hasn’t […]
Italian Bond Market Crisis Coming Up
Italian Bond Market Crisis Coming Up Italy’s 10-Year bond yield surged around the Italian election. There’s heavy issuance in Sept and ECB tapering in Oct. The yield on Italian bonds surged in May on the victory of the League- and Five Star in the national election. The alliance does not intend to follow EU budget […]
Italy – the Coming Revolution & Euro Crisis for 2021?
Italy – the Coming Revolution & Euro Crisis for 2021? QUESTION: Mr. Armstrong, you obviously have a database on Italy that is without comparison. Nobody else even had a chart on the Italian lira you recently published on the blog. I know you are well aware of the revolutions in Italy and the history. I […]
15 Flashpoints Which Could Produce A “Perfect Storm” During The 2nd Half Of 2018
15 Flashpoints Which Could Produce A “Perfect Storm” During The 2nd Half Of 2018 Events are beginning to greatly accelerate, and many believe that the ingredients for a “perfect storm” are starting to come together as we enter the second half of 2018. Other than the continual drama surrounding the Trump presidency, things have been […]
