Bond Yields Plunge in Italy: Hello Christine Lagarde!

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by Mish Shedlock, The Maven:

The ECB and EU elected to ignore Italy’s debt and soon to be a monstrous deficit. Bond yields plunged.

At the beginning of June, the ECB and EU walked down from targeting Italy with excessive debt procedures. And now, lovey Dovey Christine Lagarde takes over where Mario Draghi left off.

Crucially, for Italy, it’s not a German central banker at the helm.

Happiest Man in Europe

Daniel Lacalle on Twitter

Expect More Balance Sheet Wonders

Holger Zschaepitz on Twitter

German 10-Year Yield

Holger Zschaepitz on Twitter

Long Term Prognosis

Daniel Lacalle on Twitter

Changing of the Guard

I agree with the above Tweets by Daniel Lacalle.

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