Tag Archive: Italy
There Is Now A Staggering $11.7 Trillion In Negative Yielding Debt
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?
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
Kings have long arms, many ears, and many eyes.โ 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
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.ย ย The German Constitutional Court dismissed claims that the ECB’s Outright Market Transactions does not violate the German Constitution. …
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Central Banks & Governments and their gold coin holdings
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?”
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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Three Political Events before the UK Referendum
“Every thinking person in America is ย going to vote for you Governor Stevenson,” said an enthusiastic voter. “I am afraid that won’t do. ย I need a majority,” reportedly quipped Stevenson (1952 or 1956). ย The UK referendum on June 23 is the most important political event of the first half of the year.ย ย A decision to …
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Switzerland’s Gotthard Base Tunnel: Swiss Engineered, Foreign Made
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
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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Swiss Politicians Slam Attempts To Eliminate Cash, Compare Paper Money To A Gun Defending Freedom
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
Bad news is once again good news... for stocks that is.ย
After a month and a half of markets unable to decide if they should buy or sell on ugly data, over the weekend, Peopleโs 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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(10.1.2) Net International Investment Position Switzerland and Italy
We compare aspects of the Net International Investment Positions for Italy and Switzerland
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(2.3) Differences in global CPI baskets
Typically poorer countries have a basket with a higher weight for food and other consumption goods, but richer states give them a smaller weight. Here the full details over different countries
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(9) FX Theory: Wealth and Net International Investment Position
Availability of funds (wealth and the international investment position): One of the 5 key indicators for FX rates. Often currencies of countries with a a lot of funds appreciate when markets decline.
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Labor Participation Rates: Falling in the Ageing U.S., Rising in Ageing Germany and Crisis-Hit Italy
The most effective ways of measuring employment is by looking at the Labor Participation Rate. We compare the participation rates of the United States, Canada, the U.K., Germany and Italy.
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An Upcoming Italian Success Story?
Higher exports show that Italy's economy is trying to become a new German Companies seem to hide their competitiveness. A question remains: Will Italian companies really invest in Italy and create jobs?
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