Europe Is About To Print

In this Global Macro Update, Nik covers the blowout in French government bond yields against German bunds and why he sees a sovereign debt crisis developing in France. He explains why a falling euro suggests Europe is defending its bond market rather than its currency, and why he is watching for trial balloons of a European money creation event from the ECB or the Bank for International Settlements. Nik then walks through the charts TBL members use most, the MOVE index, the dollar index, and the yield curve, and introduces the new crossover analysis combining TBL liquidity with Johan Bergman's state grid to gauge how much confidence a given signal deserves.