The Italian debt poses great danger to the economy – Watch today’s discussion on the Italian economy, and the financial markets with Nicole Elliott, Private Investor and Technical Analyst, joined by Mike Ingram, Strategist at BGC Partners, and Zak Mir, Technical Analyst at Zak’s Traders Café.
Key points:
- Bullish or Bearish – Sort out your positions, Hedge at the right time
- Italy getting little by the moment – from demographics to the migrant crisis
- Italy: Performance of the 3rd largest Eurozone economy is getting sad
- Italy: BMPS – The biggest bank in Italy, existing since 1472, trading at 50 cents – “just because a bank has been around for a while doesn’t mean it is a safe place to park money”
- Euro Stoxx Banks: Core profitability is destroyed