ECB Reacts (Unofficially) to NIRP’s Revenge in Italy by Wolf Richter • May 30, 2018 • 43 Comments 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.”
NIRP’s Revenge: Italian Bonds Plunge, Worst Day in Decades by Wolf Richter • May 29, 2018 • 74 Comments Markets wail and gnash their teeth as “normalization” of Italian yields sets in.
Which Banks Are Most Exposed to Italy’s Sovereign Debt? (Other than the Horribly Exposed Italian Banks) by Don Quijones • May 27, 2018 • 74 Comments “Doom loop” begins to exact its pound of flesh.
Hilarity in NIRP Zone: Italian 2-Year Yield Still Near 0%, as New Government Proposes Haircut for Creditors and Alternate Currency, Markets on “Knife Edge” by Wolf Richter • May 21, 2018 • 93 Comments ECB’s Negative Interest Rate Policy has been the funniest monetary joke ever.
EU Moves to Protect Financial System from Failing Banks by Don Quijones • Apr 19, 2018 • 29 Comments Too Little, Too Late?
Despite Years of ECB’s QE (Ending Soon), Italy’s “Doom Loop” Still Threatens Eurozone Financial System by Don Quijones • Mar 15, 2018 • 26 Comments Even banks outside Italy have an absurdly out-sized exposure to Italian sovereign debt.
Will Italy’s Banking Crisis Spawn a New Frankenbank? by Don Quijones • Feb 28, 2018 • 19 Comments “Operation Overlord.”
Bridgewater Bets Big against Largest Banks in Spain & Italy by Don Quijones • Feb 10, 2018 • 21 Comments World’s largest hedge fund puts down $13 Bn to profit from trouble in the EU
ECB Spawned Mass Culture of Financial Dependency that’s Now Very Hard to Undo by Don Quijones • Jan 9, 2018 • 40 Comments Right at the front of the monetary welfare queue is the government of Italy.
Italian Banks Try to Join EU’s Newfangled Bond Bamboozle by Don Quijones • Dec 31, 2017 • 19 Comments But investors are burned out.
