Tag Archive: Italy

There Is Now A Staggering $11.7 Trillion In Negative Yielding Debt

2016-06-29

It was not even a month ago when we last looked at the total amount of negative yielding debt around the globe, and were shocked to find that according to Fitch, for the first time in history (obviously), there was over $10 trillion in negative yielding debt. Fast forward 4 weeks later, and the grand total is now $1.3 trillion higher, or $11.7 trillion.

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How Exceptional are Conditions?

2016-06-28

by Marc Chandler

2016-06-28

If conditions are exceptional, isn't BOJ intervention more likely? If conditions are exceptional, the ban on European government supporting banks might not be valid. Italy is leading the charge in Europe.

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The British Referendum And The Long Arm Of The Lawless

2016-06-23

by Danielle DiMartino Booth

2016-06-23

Kings have long arms, many ears, and many eyes.” So read an English proverb dated back to the year of our Lord 1539. And thus was born an idiom that today translates to the very familiar Long Arm of the Law. It stands to reason that such a warning was born of feudal times when omnipotent and seemingly omnipresent monarchs personified the law.

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European Politics Beyond the UK Referendum

2016-06-21

by Marc Chandler

2016-06-21

Sterling is hovering around seven cents above last week’s lows as many short-term participants better position themselves for the UK to vote to say in the EU, even though many opinion polls show a statistical dead heat. The German Constitutional Court dismissed claims that the ECB’s Outright Market Transactions does not violate the German Constitution. …

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JPMorgan CIO Crushes Cameron’s Scaremongery: Brexit “Hardly The Stuff Of Economic Calamity”

2016-06-16

by Tyler Durden

2016-06-16

First The Telegraph, then The Sun, and today The Spectator all came out on the "Leave" side of the Brexit debate. However, perhaps even more shocking to the establishment is the CIO of a major bank's asset management arm dismissing the apparent carna...

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Central Banks & Governments and their gold coin holdings

2016-06-13

by Ronan Manly

2016-06-13

While this is true in some cases, it is not the fully story because many central banks and governments, such as the US, France, Italy, Switzerland, the UK and Venezuela, all hold an element of gold bullion coins as part of their official monetary gold reserves.

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Faber: “Switzerland doing much better than any other country in Europe. So Britain should do the same?”

2016-06-11

by Tyler Durden

2016-06-11

The European Union is an "empire that is hugely bureaucratic," warns Marc Faber, telling CNBC that he thinks that "a Brexit would be bullish for global economic growth," because "it would give other countries incentive to leave the badly organized EU...

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Brexit: Switzerland Prospers outside the EU, why Can’t the UK?

2016-06-10

by John Browne

2016-06-10

As the June 23rd BREXIT (the UK-wide referendum to leave the EU) vote draws near, the polls indicate a close result. Those urging a vote for the UK to remain inside the EU are suggesting increasingly...

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Three Political Events before the UK Referendum

2016-06-03

by Marc Chandler

2016-06-03

“Every thinking person in America is going to vote for you Governor Stevenson,” said an enthusiastic voter. “I am afraid that won’t do. I need a majority,” reportedly quipped Stevenson (1952 or 1956). The UK referendum on June 23 is the most important political event of the first half of the year. A decision to …

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Switzerland’s Gotthard Base Tunnel: Swiss Engineered, Foreign Made

2016-05-30

by Tyler Durden

2016-05-30

Earlier we introduced the Gotthard Base Tunnel, the longest and deepest tunnel in the world. The 35 mile long tunnel which cuts underneath the Alps helps remove natural barriers to trade and tourism, and is undoubtedly a testament to Swiss precision ...

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Introducing The Gotthard Train Tunnel, The World’s Longest and Deepest Train Tunnel

2016-05-23

by Tyler Durden

2016-05-23

On June 1, Angela Merkel and Francois Hollande will take a break from their respective domestic crises and attend a ceremony to inaugurate the Gotthard Base Tunnel (GBT) in Switzerland.

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EU Plans $290K Per Person Fine For Countries Refusing “Fair Share” Of Refugees; Angry Response Ensues

2016-05-05

by Tyler Durden

2016-05-05

As Norway offers cash for refugees to leave, announcing that they won't be accepting any more refugees from the EU, and Switzerland prepares its military to close down borders, the EU has seemingly had enough of every country acting as if it has any ...

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Swiss Politicians Slam Attempts To Eliminate Cash, Compare Paper Money To A Gun Defending Freedom

2016-02-19

by Tyler Durden

2016-02-19

As we predicted over a year ago, in a world in which QE has failed, and in which the ice-cold grip of NIRP has to be global in order to achieve its intended purpose of forcing savers around the world to spend the taxed product of their labor, one thi...

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Global Stocks Soar On Stimulus Hopes After Miserable Chinese, Japanese Data; Short Squeeze

2016-02-15

by Tyler Durden

2016-02-15

Bad news is once again good news... for stocks that is. After a month and a half of markets unable to decide if they should buy or sell on ugly data, over the weekend, People’s Bank of China Governor Zhou Xiaochuan expressed faith in the economy, ...

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Is the Safe-Haven Government Bond Bubble Finally Bursting?

The Safe-haven government bond bubble did not pop, but Italy or Spain have become low yielders as well Government bond yields under 10 years for safe-havens are close to zero. In April 2013, even 20 year bond yields are less than 3%, What can explain this bubble of the century?

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