Fears over Italy returned with a vengeance Tuesday, perhaps surprising U.S. investors returning from a three-day Memorial Day weekend as headlines out of Rome sent shock waves through global markets and contributed to a selloff for Wall Street stocks. Market participants don’t need a long memory to recall the worst days of the eurozone debt […]
Trader: Italy on Verge of Inducing Fresh European Crisis…
Tired (or maybe bored) of worrying about rising interest rates, a rising dollar and higher oil prices? Then fear not, because according to Bloomberg macro strategist and former Lehman trader, Mark Cudmore, you can now start worrying about a new, or rather well-forgotten, potential risk flashpoint, namely Italy which, as he writes in his latest […]
Yanis Varoufakis: ‘EU is particularly good at doing a terrible job’…
Former Greek Finance Minister Yanis Varoufakis has described the measures taken by the EU to settle the economic crisis in Greece as a “terrible job.” The comment comes as Greece agrees to new reforms that are set to help the country qualify for cheaper loans. “Isn’t it yet another piece of evidence that the European […]
My Political-Financial Road Map for 2017 by Nomi Prins…
The central bank subsidization of the financial system (especially in the US and Europe) that began with the Fed invoking zero interest rate policy in 2008, gave way to international distrust of the enabling status quo that unfolded in different ways across the planet. My prognosis is for more destabilization, financially and politically. In other […]
SDR World Order by James Corbett…
The IMF is formally adding the Chinese renminbi (aka the yuan) to their “Special Drawing Rights” basket on Saturday, October 1st. The move boosts the yuan to the status of global reserve currency alongside its basketmates, the pound, the euro, the yen and the dollar…