Italy

11th June 2018 Nickolai Hubble

Italian capital flight confirmed for May

In the end, the Italians gave it away themselves. Not the World Cup, their capital flight. Deposits are fleeing the country. The European Central Bank (ECB) might not be releasing its Target2 balances for another few weeks. But the Bank…

6th June 2018 Nickolai Hubble

ECB not behind the Italian crash

Which currency would you hold over the next year? You only get three choices: the euro, the Italian lira or bitcoin. Which do you choose? You’ll find out my pick below. Trying to stay more than one step ahead of…

4th June 2018 Nickolai Hubble

Italy’s backdoor bailout delayed

Italy’s financial crisis didn’t return with a bang on Friday as I expected. And Italy’s Target2 liabilities didn’t spike in April either. They more or less held steady: Italy Target2 balances Source: European Central Bank (ECB) Italian bonds staged a…

30th May 2018 Nickolai Hubble

All roads lead from Rome

“Italy could be out of the EU before Britain,” writes Jeremy Warner at the Telegraph. I wish I came up with that line. Instead, I’m rather worried the Italian and EU crisis will do the precise opposite. Brexit will be…

22nd May 2018 Nickolai Hubble

Gleich funkt es

“Gleich funkt es,” my German family always said as their final warning. It roughly translates to, “Any moment now, sparks are gonna fly.” Youngins on the receiving end of that comment got their act together real quick. Have you noticed…

18th May 2018 Boaz Shoshan

The taste of snake

“It’s impossible not to commit fraud in this job,” said a voice from across the table. I raised my eyebrows. Others around me did not – this was not surprising to them. Who would say such a thing? What profession…

14th May 2018 Nickolai Hubble

Return of the lira

The lira is coming back. After two months of silence from Italy’s coalition negotiations, it’s all happening too fast. Remember, politics is Italy’s only way out of the euro. That currency and its monetary policy has kept one of the…

2nd May 2018 Nickolai Hubble

The oldest threat will strike in 2018

At the last minute, Donald Trump rescued his allies from his own trade war. He extended the exemption from steel and aluminium tariffs for another 30 days. But it wasn’t enough to prevent US steel stocks from sliding about 5%….

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