Spreading the truth. Empowering the people.
Spanish banks expanded aggressively into Emerging Markets to flee the consequences of the euro debt crisis. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. UBS has alerted that Spanish banks’ outsized … Read more
via @Schuldensuehner: #ECB officials lack enthusiasm for any revamp of their negative-interest rate tool and some doubt it will actually happen. www.bloomberg.com/news/articles/2019-04-16/ecb-officials-are-said-to-lack-enthusiasm-for-sub-zero-tiering …
via @dlacalle_IA: Now we start to see the late-cycle economies weakening faster (Spain).
Italy’s fiscal health is once again in serious decline. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. On Wednesday, Italy’s coalition government slashed its growth forecast for the Italian economy in … Read more
by Martin Armstrong Nigel will be speaking at this year’s World Economic Conference in Rome. Click here for details.
Investment case „forced mergers“?Not sure. As a trade, Eurozone banks do look interesting… pic.twitter.com/ajMCk0YqxY — D.Schrottenbaum, CFA (@David_Schro) March 19, 2019 10 year Bund yields. The H&S still in play … Read more
via CNBC: Brexit could be reversed if lawmakers reject the government’s exit deal, British foreign minister Jeremy Hunt said on Sunday after two major eurosceptic factions in parliament warned that … Read more
While contagion is definitely contained, the Eurozone “is not sufficiently armed to face a new economic or financial crisis.” French banks are heavily exposed to Italy. By Don Quijones, Spain, UK, … Read more
BANKS in France, Germany and Belgium are most at risk of contagion from Italy’s deepening debt crisis, new data has revealed. Domestic banks in the Mediterranean nation are already encumbered … Read more
by Claudio Grass via Claudiograss.ch Until recently, Germany has been the seemingly unbreakable workhorse that has pulled the European economy back from the brink and kept it ticking along through a myriad of … Read more
by Alasdair Macleod via Mises Wire It is easy to conclude the EU, and the Eurozone in particular, is a financial and systemic time-bomb waiting to happen. Most commentary has focused on problems … Read more
Salvini is getting ready for a “serious step” which is “leaving the Eurozone”, while Macron’s plan has “collapsed” due to a “colossal mistake”; and Europe is “turning towards fascism.” This … Read more
by Martin Armstrong QUESTION: Mr. Armstrong; I can see what you have been arguing about the faulty design of the euro. After the EU rejected Italy’s budget, is there any hope … Read more
via Bespoke Recently, the Citi Economic Surprise Index for the Eurozone has started to improve while the Citi Economic Surprise Index for the US has slipped into negative territory. As … Read more
