As expected Italian bonds were downgraded today to one step above junk, “stable”. The yield on a 10 year dropped a little bit today to just under 3.50% but the almost straight up move in yields over the past few months is the real concern.
John Rubino, Founder of the Dollar Collapse website shares his thoughts on the overall health of Europe. With the ECB no longer the major/only buyer of bonds from the European countries the question is who is going to support the bond markets over there?
Click download link to listen on this device: Download Show