See Argentina’s 100-year dollar-bond and emerging-market dollar “turmoil” as the Hot Money flees.
Russia, Japan, and the Fed dumped. So who bought?
Bond turmoil, no problem. But if Italy doesn’t stick to the rules, the ECB might let the bonds go, “safeguard the remaining Eurozone members,” and “merely control the disaster.”
Markets wail and gnash their teeth as “normalization” of Italian yields sets in.
ECB’s Negative Interest Rate Policy has been the funniest monetary joke ever.
Japan systematically dumps US Treasuries while China hangs on.
The Fed leads, the ECB follows.
When the “hot money” gets antsy, a currency crisis morphs into a debt crisis.
These Canadians are in a “highly vulnerable” position.
Not going to be easy, especially for “zombie” companies.