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 internal and external pressures, as well as political crises, over …
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 that are routinely patched over, such as Greece, Italy, or …
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 is what’s going on in the Old World in the …
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 left for Italy? RS, Rome ANSWER: For those who do not …
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 shown in the first chart below, we show the relative …
by Martin Armstrong 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 …
#JAPAN JUN PRELIMINARY PMI MANUFACTURING: 53.1 V 52.8 PRIOR *Export orders index declines for first time since Aug 2016 in a warning sign about overseas demand❗ *Link: https://bit.ly/2K6u9K0 COPPER: down -17.5% in 2018, the Chinese have not been able to …
The International Monetary Fund (IMF) has warned Eurozone growth could be derailed by escalating trade wars and the threat of more tariffs on goods from the US. via PAUL WITHERS The fund said it had cut its 2018 growth forecasts for Eurozone countries, …
by goldcore – Italy is EU’s ticking timebomb as debt nears €2.4 trillion – Italy’s GDP is just €1.85 trillion; National debt is 132% of economy – Italy is politically dysfunctional at best of times; Now has populist left / right wing …
by Martin Armstrong COMMENT: Mr. Armstrong; I find your analysis refreshing here in Europe. Sometimes we cannot always look in the mirror objectively. You are correct that perhaps the greatest fault in trying to create the euro has been this idea …
https://twitter.com/dlacalle_IA/status/1011696454224793605 Long Eurozone 🇪🇺Bonds? Good luck.#ECB signals end of QE and there is no evidence of real demand at these yields. Meanwhile, governments continue to spend as if there is no tomorrow… … while Eurozone slowdown is evident pic.twitter.com/8GDcRzpEHt — …
Why is China reducing their reserve ratios and making it easier for people to get loans? The financial system is not strong. Don’t believe the mainstream media. It has been supported by trillions and trillions of dollars printed and barely …
Greece🇬🇷: Euro zone hits ‘historic moment’ as it closes “successfully” eight years of financial support to Greece. “Successfully”: 180% debt to GDP 20% unemployment Annual Growth Rate 0.87% 1996-2018 Imagine what the EU would call “failure”. Greece🇬🇷: Euro zone hits …
. High exposure to sovereign debt (between 10 and 20% of total assets) . Lingering non-performing Loans (c€1 trillion) . ROIC below WACC . Poor ROTE The Problems of Eurozone Banks Go Far Beyond ECB's Low Rates: . High exposure …
"Eurozone Slowdown Is More Evident Every Month," h/t @dlacalle_IA pic.twitter.com/YLoy1UXPre — Alastair (@StockBoardAsset) May 30, 2018 only €48 Trillion in derivatives https://t.co/Om82NlwKzj — zerohedge (@zerohedge) May 30, 2018 A Few Italy Headlines Italy could be the next Greece — only much …
by Charles Hugh-Smith Papering over the structural imbalances in the Eurozone with endless bailouts will not resolve the fundamental asymmetries. Beneath the permanent whatever it takes “rescue” by the European Central Bank (ECB) lie fundamental asymmetries that doom the euro, the joint currency …
by Dave Italian 10 year bond yields screamed up 48 basis points today on prospects of a new election in Italy. The Italian President (a holdover appointee from the PD) rejected the new LN/M5S finance minister over the weekend, and now the …
by John Rubino Ah, Italy. My people; fun to be around, a nightmare to govern. And now an existential threat for the European Union, the euro currency, and the global bond markets. After suffering for over a decade under a …
via City A.M.: Oh, what a tangled web we weave, when we all practice to keep fundamentally insolvent entities afloat no matter what. How many worldwide systems exist to enable broken and unsustainable economies and companies? The Fed’s ZIRP has kept …
by Martin Armstrong QUESTION: Mr. Armstrong; Do you advise the IMF or are they just taking your warnings and mimicking them? They are now telling everyone in Europe, not the United States, to create a crisis fund. Every Euro country should deposit 0.35% …
by GoldCore – Eurozone threatened by trade wars, Italy and major political and economic instability – Trade war holds a clear and present danger to stability and economic prospects – Italy represents major source of potential disruption for the currency …