In Europe: A Tenuous Calm
Things continued to stabilize on Thursday across the pond although as usual, that depends on one's definition of "stabilize".
The first thing to note is that as tipped by data out of Germany on Wednesday, euro-area inflation beat estimates handily both on the headline and core readings, with the former printing 1.9% (est. 1.6%) and the latter coming in at 1.1% (est. 1.0%).
The euro is off its highs but is up again following yesterday's rally:
I would say the exact same thing here that I s
To your comment, we do give a shit what you say!
tenuous calm is no calm, but rather a tempest gone silent. Could Europe become the famous straw breaking the camel’s back? It could. Italy’s troubles are by no means over, if anything they are only just beginning and so is the fate of the EU in relation to Italy as well as other member countries. Could Europe instability besides making some hedge fund billionaires richer bring the US economy down? It could. I would cautiously suspect economic data from Germany or Europe in general. Wishful thinking and bias reign supreme on both sides of the pond.
In Rome this whole coming month as well as some of May and the people I’m conversing with want OUT of the EU. It is running about 3 to 1 to get out.They are and have been getting in their opinion, sht on too fuking long and want to blame someone, anyone, who brings up immigration, commies, or Merkel/Trump. Confusion to say the least.
Rome really is burning and the Italian people are pissed.
But the polls constantly show that Italians overwhelmingly want to stay in the Euro. They can’t have it both ways. Just sayin, though I sympathize and understand and Italians’ grievances.
https://www.cnbc.com/2018/05/31/trump-reportedly-poised-to-ban-german-luxury-carmakers-in-the-us.html