Global Markets Descend Into Contagious Panic As Italy Implodes

Commenting on today's sheer market chaos as the US and UK return from holiday, Bloomberg writes that "fixed-income markets have descended into panic
Italian stocks are crashing...
The contagion is tangible: while the FTSE MIB is back to July lows, Spain's IBEX 35 is down the most since February..
In fact, all major European benchmarks are also now in the red for 2018,
The downfall in Italian banks has spread across the continent with major losses for the likes of Commerzbank (-5.0%), BNP (-4.6%), RBS (-3.8%), Credit Suisse (-3.8%) all resting at the foot of their respective indices. Meanwhile, Europe's biggest bank, Deutsche Bank, is back under €10 and just shy of all time lows

Global Markets Descend Into Contagious Panic As Italy Implodes

DOOM ON!! Check out the comments below the article these are pro investors openly saying a GLOBAL COLLAPSE IS HERE! Call your family and tell them to pull out NOW Because its worse than 2008 say BYE BYE to your 401 K ok ok cut it by 2/3rd's now how much money do you have for retirement ???

a reply to: TheJesuit

Another wealth transfer in progress... however what makes this any different from the trade war panic selloff? Or before that, when the DOW dropped 1,000 points in a day. US indexes aren't even down 2%. That's nothing!

I wonder, will Draghi just step in and pull another Helicopter Money-moment to numb the pain and plug the "leaks"? Would it even be enough? If the central bankers wanted to stop a selloff, they likely could (they certainly have before...)

I wouldn't jump the gun.

I said it before and I will keep saying it, the stock markets are not based on reality. They did nothing to fix them after 2008. Companies here in America buying back some of their stock is good for the company, they have the money and right at the bottom of this crash they will buy what they can which will be way more stock back in their hands.

part of the plan, they need to introduce a new monetary system probably some type of block chain system that eventual has a social value as well as financial one

Only 6% of all money in the world is actual physical currency. The other 94% is electronic currency. So the economy of any country is based exclusively on what mood that currency speculators and investors are in.

Its all over all the financial news outlets..
“Today’s selling is happening on a larger volume, which is concerning. It means that investors are now worried about contagion from the fallout in Italy,
CNN-
Dow tumbles nearly 400 points on Italy fears and US-China trade tensions
@CNNMoneyInvest May 29, 2018: 4:08 PM ET
FOX-
JPMorgan, Bank of America, Citigroup and Wells Fargo among the day's losers
BBC-
Italy's political upheaval spread to Wall Street after Europe's financial markets closed lower.

I disagree ts all over the news but Roseanne Barr is the red herring this time look over here not over there!

a reply to: FamCore

www.theeventchronicle.com...

no idea how true this is but Draghi = head of European central banks and immediately I thought... black nobility

has to be, either black nobility, tribe of Judah or Jesuit

www.pict-pcti.org...

The International Centre for Settlement of Investment Disputes (ICSID) was established in 1965 by the Convention on the Settlement of Investment Disputes between States and Nationals of Other States (which has been ratified to date by 136 states), to facilitate the settlement of disputes arising between states and foreign private investors by way of arbitration and conciliation.

Moreover, since 1978, ICSID's reach has been extended by the Additional Facility for the Administration of Conciliation, Arbitration and Fact-Finding Procedures (Additional Facility). The Additional Facility enables utilization of ICSID arbitration and conciliation facilities by states not parties to the ICSID Convention (or nationals of such states) and in regard to disputes other than investment disputes. The Additional Facility also provides interested parties with the ability to engage in fact-finding.

ICSID operates under the institutional framework of the World Bank group in Washington, D.C. Like the Permanent Court of Arbitration or the International Chamber of Commerce, ICSID is not a standing court, but rather a permanent administrative structure supporting and facilitating ad hoc dispute settlement procedures. The Centre maintains a list of potential arbitrators and conciliators for parties to choose from; and provides a host of registry and secretariat services.

what kind of behind the scenes deal is being leveraged you think?

DOOM ON!! Check out the comments below the article these are pro investors openly saying a GLOBAL COLLAPSE IS HERE! Call your family and tell them to pull out NOW Because its worse than 2008 say BYE BYE to your 401 K ok ok cut it by 2/3rd's now how much money do you have for retirement ???

When everyone tells you to sell it is a buy signal. I will be bargain hunting and capitalizing on irrational fear.

a reply to: Metallicus

it's not irrational fear, the central banks and bank of international settlement's have been propping these markets up, the US market is on the edge of reform as well, the billions in unfunded pension liabilities are literally bankrupting municipalities and states nation- world wide

Italy, Greece, Spain, and Portugal have been on financial life support in the EU for a long, long time now just like certain US states. They're the PIGS at the trough. Once one goes, they'll all go.

well i dont like the smell of it

a reply to: toysforadults

Well, good luck with your investment strategy. I retired at 50 years old and have made money off people that were sure the world was ending time after time. If the world actually ends then it won’t really matter anyway.

a reply to: toysforadults

Perhaps the premise of my avatar is beginning to come into view?

The Economist: Get Ready for a World Currency in 2018

a reply to: Metallicus

my investment strategy is simple, commodities until they finish pension reform and the housing market finishes it's deflationary period

originally posted by: FamCore
a reply to: toysforadults

Perhaps the premise of my avatar is beginning to come into view?

The Economist: Get Ready for a World Currency in 2018

it's all part of the fractional reserve system, block chain has been being test live and they like it, it'll make everything traceable you won't be able to do anything unless they say you can

originally posted by: ketsuko
Italy, Greece, Spain, and Portugal have been on financial life support in the EU for a long, long time now just like certain US states. They're the PIGS at the trough. Once one goes, they'll all go.

They were only on the edge because the flood of illrgal immigrants drained public sector funds. Every migrant has to be fed, housed, clothed, given medical treatment, and integrated. Medical treatments for rare diseases (Tuberculosis) aren't cheap and doctor's won't work for free. Then they have to find space for them. Having them float around city and town centres with nothing to do just causes more problems and destroys local economies.

EU made these countries give up their manufacturing capabilities, so they are dependent entirely on a complex system of EU trade. They are not even allowed to grow food using polytunnel technology because that would undercut other countries dependent on cash crops.

The central bankers could write off all the debts as humanitarian aid and the problem would be solved.

www.express.co.uk...

Its kinda funny that Roseanne Barr news trumps Global Market Collapse news here on ATS just saying.....

originally posted by: TheJesuit
Its kinda funny that Roseanne Barr news trumps Global Market Collapse news here on ATS just saying.....

Because Rosanne actually happened and “global collapse” is clickbait fake news.

a reply to: TheJesuit

Bad news. While everyone is thinking about their own markets and investments, what does this mean for the



Eurozone, overall?

What are the consequences for the EU down the road? Could this be a step towards ended the entity know as the EU?