Continued Developments In Italy Impacting Markets In The US As Well

May 29, 2018

Chris Temple joins me to recap the developments in Italy from over the weekend. Continued uncertainty and the growing potential of Italy leaving the Euro has yields continuing to spike in Italy as investors flee to safety in German Bunds and US Treasuries.

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Click here to visit Chris’s site for more great commentary.


    May 29, 2018 29:02 AM

    Italy will probably have a new election this fall.

    The eventual result will take Italy out of the EU, but remain in a single European market.
    The end result with Brexit, despite the idiot conservatives trying to kill Brexit, will be exiting the EU, but remaining within a single European market.

    Wait for Greece problems to bubble to the surface again soon.
    Turkey is also going to cause problems.

      May 29, 2018 29:46 PM

      Election could be as earty as July.

    May 29, 2018 29:05 AM

    I have to say that I think Chris was quite on the money. I’m not saying this is where the problems get out of control but I would say this is how it will look when problems start to get out of control. Appointing International Monetary Fund official Carlo Cottarelli as interim prime minister is such an insult to the Italian people, they won’t lie down and take it, Italians are lovely people but if you get them angry…

    May 29, 2018 29:13 AM

    Once the people of the richer countries in the EU realize how much money has basically been stolen from them, the EU bureaucracy will be killed.

    Just as Catalans are sick of money being sucked out of them to support Madrid and lazier south areas, many people throughout the rest of Europe are going to force decentralization all over.
    There are problems even in little Belgium.
    What surprizes me the most is the small dissent in Germany, where vast amounts of money have flowed from West to East. The mentality, however, of East Germans, from years of communist rule, is now different from the “old” German hard work effort.
    This will also cause regional problems within the Federation.

    May 29, 2018 29:10 PM

    Further the current problem in Italy is DEBT.

    Draghi managed to hide the problem to some extent by moving money around, but now the Italian interest rates could now double as money flows out of Italy to safety in Germany (or even Switzerland).

    May 29, 2018 29:25 PM

    Italy will be another Greece, it will grab headlines on it’s debt and then the media will make it disappear. If you travelled through Italy, I’m sure you would see a lot of slums just like in The US. We live in a world where there are only two options rich or poor. 95% of this world falls into the category of having less than nothing and that is called debt. DT