But outside Italy, credit markets are sanguine, and no one says, “whatever it takes.”
BlackRock is “a market power that no state can control anymore.”
“The ECB cannot and should not turn a blind eye to risks to financial stability.”
“The global leveraged loan market is larger than – and growing as quickly as – the US subprime mortgage market was in 2006.”
Japan monetized 50% of its national debt. Why has there not been a surge of inflation? And why can’t the Fed restart QE and do the same?
“The tide is going out and investors are starting to worry about which EM economies have been swimming naked.”
Despite repeated speeches to the contrary.
Chinese RMB gains, but is inconsequential as central banks remain leery. Euro hangs on.
Treasury yield curve survives rate hike upright. Yield curves steepen in China, Japan & Germany. Era of NIRP scheduled to end.
And why are Bank of Mexico executives and employees resigning in droves?