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Olduvai III: Catacylsm
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Italian Bonds Slide After Official Warns Credit Rating Downgrade Possible

Italian Bonds Slide After Official Warns Credit Rating Downgrade Possible After starting off strong, Italian 10Y Yields have leaked wider all morning after a senior government official said on Wednesday that Italy’s 2019 budget may be rejected by the European Commission and a credit rating downgrade is also possible. “Let’s say that the premise is […]

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Italian Bonds, Stocks Crash In Furious Reversal As Political Drama Explodes

Italian Bonds, Stocks Crash In Furious Reversal As Political Drama Explodes  Yesterday, in the aftermath of the latest Italian political drama, in which president Mattarella openly mocked democracy, and under pressure from Europe vetoed the choice of the euroskeptic economy minister, Paolo Savona, we warned that this outcome was even worse for markets than the […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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