The Italian populist government is defying the markets at exactly the wrong moment, with growth and ECB bond buying waning. Its proposed budget will increase the already sky-high debt/GDP ratio […]
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. […]
The fiscal plans of the incoming Italian government will trigger a bond crash, capital flight, a bank run and a clash with the EU. They are simply not compatible with […]
Despite economic tailwinds and a massive bond buying program by the ECB, Italy hasn’t been able to even dent its debt/GDP ratio. When the ECB ends its bond buying program […]
We think there are many reasons why Italian bond yields are likely to go higher, like eurozone tensions, a rising yield global environment, ECB tapering, political uncertainty, etc. Unfortunately, for […]
Italy’s economy isn’t expected to return to its 2007 output level until the mid 2020s. While Italy would benefit from an Italian Margaret Thatcher, there are few good options left […]
Two years ago, we warned about one of the biggest threats to the world economy. Is the situation contained? For now it is, but only that – there is some […]
About time. However, we’ll have to see what happens tomorrow first..