Europe is facing Brexit (Germany), populist uprisings (Italy), perpetual gloom (Greece) and bad cars (France). So much so that the European Central Bank has their monetary stimulus at record levels.
Liquidity moves markets!Follow the money. Find the profits!
It used to be only 16, but Europe, the Middle East and Africa now has 18 nations with negative 2 year sovereign yields. That is, 18 nations that require additional monetary stimulus.
Italy used to be a member of the sub-zero EMEA club, but recent election and budgetary woes have sent Greek 2 year sovereign yields above zero.
Italy’s 10-year sovereign yield is also rising, second place behind Greece. But not as bad as Turkey, Nigeria, Lebanon and Russia.
Of course, Greece and Italy will need constant bailing-out of their fiscal woes. Along with other EMEA nations.
Here is a photo of a legendary French automobile, the Citroën 2CV.
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