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Olduvai III: Catacylsm
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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 […]

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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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