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mishtalk.com]
Italy is a serious threat to the current global status quo- and presents a major challenge for the Euro and EU politicians. Keep an eye on this. At the moment we have major tension points developing in the fabric of the EU.
- Macron's approval ratings crashing twice as fast as Trump's
- A government with no elected authority in The Netherlands because their parliament is hung.
- A probable similar outcome (at best) in the German election this month.
- Italian and Greek citizens verging on outright rebellion.
- Spanish politicians trying to shut down a referendum vote on separatist movements by any means possible.
All eyes on the Dollar with bad news every day and people believe Trump to be a maniac. Misdirecting from the major political risk in the EU. If the EU fragments, best case scenario is interest rates spiking through the roof and causing an international sov. debt crisis as investor confidence in the regional governments gets shattered. Anyone who is in negative yielding Bunds with an ever-increasing deflation priced in for the next 2 or 5 years is going to get obliterated as risk premiums soar.
Edited 1 time(s). Last edit at 09/11/2017 09:45PM by istirith.