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Italy Bond Risk Soars To 3-Year Highs As Youth Unemployment Tops 40%

Italy Bond Risk Soars To 3-Year Highs As Youth Unemployment Tops 40%

The last 4 months have seen something 'odd' happen in Europe's periphery. Sovereign 'risk' has conspicuously (and rationally) risen as macro-fundamentals have deteriorated - something that we have not seen since Draghi's 2012 "whatever it takes" moment.

For the first time since June 2015, Italian youth unemployment has risen above 40% and notably, Italian bond yields are rising...

 

Can Trump Deliver?

Authored by Paul Craig Roberts,

My view of Trump is conditional and awaits evidence. I am encouraged by the One Percent’s opposition to Trump, or we have just experienced the greatest ruse in history. Indeed, a pointless ruse, as the Establishment had its candidate in Hillary.

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