As EM's sell US bonds to amass dollars to defend their currencies, US bond yields will explode higher causing systemic risks in US markets as everything is priced off US treasuries. Something will break.
2. Italy or Japan - The Japs have had 30+ years of ever increasing Debt - I wonder if/when Soros will do to the Japs what he did to the British Pound the last time the Pound had parity with the $
3. Today's Italian Elections - will be interesting, wonder if they will have an impact on Monday's Wall Street open
As EM's sell US bonds to amass dollars to defend their currencies, US bond yields will explode higher causing systemic risks in US markets as everything is priced off US treasuries. Something will break.
Should note that the Italian Right wants out the Russian sanctions on energy. They are also pushing hard for the end of the war in Ukraine.
EU's Von Der Leyen Delivers Veiled Warning to Italy's Right Wing
European Commission chief Ursula von der Leyen has warned Italy of consequences should it veer away from democratic principles, issuing a barely veiled threat ahead of Sunday's election that a rightist bloc led by Giorgia Meloni is expected to win.
The comments highlighted concern in some European capitals over the forthcoming election and suggested that relations between Brussels and Rome could get turbulent if Meloni and her partners secure victory.
"My approach is that whatever democratic government is willing to work with us, we're working together," von der Leyen said at Princeton University in the United States on Thursday, responding to a question on whether there were any concerns with regard to the upcoming elections in Italy.
"If things go in a difficult direction, I've spoken about Hungary and Poland, we have tools," she added.
Matteo Salvini, the head of the League and a part of Meloni's conservative alliance, denounced her comments as "shameful arrogance".
