And Another Ominous SIgn In Italy


Photo: David Paleino via flickr

Earlier we mentioned tanking stocks, but we just wanted to catch the other side of the equation.There’s another credit blowout happening, with 2-year yields blasting to 4.78%, a new crisis high.

The 10-year yield spread to German Bunds is also blowing out to a new record.

This is serious stuff, obviously. It’s going to either require a lot of hope, or a political decision that’s way harder than raising the debt ceiling, or even bailing out a tiny country like Greece.

What’s more, at the pace ot deterioration we’re seeing right now, it seems like we’re talking a matter of days or weeks before something has to change, and not much longer than that.


NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at

Tagged In

italy moneygame-us