Armstrong Economics Blog/European Union
Re-Posted Oct 10, 2019 by Martin Armstrong
Italy today launched new debt in US dollars instead of Euro hoping to attract dollar investors as the Euro market continues to show signs of stress. They issued USD2.5bn 5yr, USD2bn 10yr, USD2.5bn 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.