#EURUSD Major forces about to be unleashed! When current correction (abcde) finalizes – which will happen soon – the coming crash will send shock waves through global economy. Fast decline to ~0.98 and later this year further decline to target 0.80-0.85. Take care! USD will soar! pic.twitter.com/FyeUGYwm21
— Henrik Zeberg (@HenrikZeberg) May 13, 2020
The trillion euro time bomb.
Eurozone banks face rising risk of default on popular hybrid bonds (CoCos) issued in the past years.
Capital buffers remain adequate, but falling uncomfortably.
In any case, EU will not allow banks to default on CoCos, it would destroy the system pic.twitter.com/JBIuTn79bm
— Daniel Lacalle Official Account (@dlacalle_IA) May 13, 2020
The trillion euro time bomb.
Eurozone banks face rising risk of default on popular hybrid bonds (CoCos) issued in the past years.
Capital buffers remain adequate, but falling uncomfortably.
In any case, EU will not allow banks to default on CoCos, it would destroy the system pic.twitter.com/JBIuTn79bm
— Daniel Lacalle Official Account (@dlacalle_IA) May 13, 2020
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