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A Misplaced Rally

June 16th, 2018 · No Comments

  • Markets reacted euphorically after the US job numbers and the installation of a new Italian government.
  • We think they are misplaced on both counts, more especially on the Italian government.
  • It’s really difficult to see anything positive coming from Italy embarking on reflating its way out of its debt trap.

Source: A Misplaced Rally | Seeking Alpha

Tags: Eurocrisis · Italy