Italy

While in recent days Bridgewater has been in the news not for its investing acumen (or lack thereof), or the outspoken, contrarian views of its founder Ray Dalio, but rather the recent spirited attack by Jim Grant who in not so many words hinted, if not explicitly stated, that there is something very rotten in the state of (Westport) Connecticut (a theatrically sponsored defense was inevitable), it is still the case that any major investing move the hedge fund...

Via GEFIRA,

An exclusive interview with Anna Bono.

Prof. Anna Bono has been a researcher in African history and institutions at the University of Turin until 2015 after living many years in Africa. She has collaborated as an expert on Africa with a number of Universities and Institutions, including the Italian Ministry of Foreign Affairs, and written over 1600 articles, essays and books on topics such as international relations and cooperation with Africa, as well as demographics and migrations.

It's deja vu all over again.

In a repeat of yesterday's session, where US equities and the dollar levitated in a one-way trade, Tuesday's muted session - where in addition to closed China and South Korean markets, Germany's Dax is also shut for holiday - has seen early dollar and European equity strength, while the S&P is set for new record highs amid higher E-minis and a VIX that is again lower after 5 consecutive days of declines.

Authored by Mike Shedlock via MishTalk.com,

The ECB claims that Target2 does not represent capital flight. Evidence says the ECB is wrong, especially for Italy and Spain.

I have discussed this previously, but let’s recap Target2 before taking a look at new charts.

Project Syndicate writer, Hans-Werner Sinn, explains why the ECB’s asset purchases and Target2 imbalances constitute “Europe’s Secret Bailout”.

Authored by Mike Shedlock via MishTalk.com,

In a bid to appeal to the growing anti-euro sentiment in Italy, three of Italy’s biggest political parties seek a dual currency.

Italy’s leading opposition parties are calling for the introduction of a parallel currency to the euro, which they say will boost growth and jobs.