Italy Issuing Debt in Dollars – Not Euros

Italy today launched new debt in US dollars instead of euros in hopes of attracting dollar investors as the euro market continues to show signs of stress. They issued USD 2.5bn 5yr, USD 2bn 10yr, and USD 2.5bn 30yr.

We are in the end game now to have euro members begin issuing debt in US dollars. This is going to create further tensions between the Fed and ECB moving forward. The REPO market is still in crisis and the fears in Europe behind the curtain continue. This all puts the Fed and the ECB on a collision course.

Latest Posts

Francis Scott Key Bridge Collapse – Black Swan Event

https://www.armstrongeconomics.com/wp-content/uploads/2024/03/FrancisKellyBridgeCollapse2024.mp4 The Francis Scott Key Bridge in Baltimore collapsed on March 26, 2024, at 01:28 EDT after being struck by a cargo ship owned by Brawner Builders Inc. The ship [...]
Read more

Trump is a Commodity – $DJT

The Biden-Harris campaign attempted to nickname Trump the “Broke Don” after the NY courts attempted to extort his fortune. They will need a new term as Trump is now a [...]
Read more