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DIGITAL EUR FAIL: WHY LAGARDE IS EXITING EIGHT MONTHS EARLY
???? USD STABLECOINS stand ready to catch fleeing European savings. The DXY proves that this is happening. T2 balances spun out of control and now the piper will be paid. EU is going to war from within a crumbling fortress without treasure to fund such a misadventure.
? REJECTING an associate member with real assets (resources) is the coup de grâce. The eurocratic political machine is devouring itself. Contagion of urban unrest pours petrol on it all.
The NEURO (New Euro) is a non-starter. Lagarde promised it --with caveats--by now. Pfft.
???????? FRENCH CONNECTION: On October 2, the spread between French - German 10Y government bonds blew out to 150 bps, the widest gap since 2011, when Greece, Italy and Spain were all on the brink.
???? FRANCE OATs TODAY trade wider than Italy ( 90 bps) and Greece ( 76 bps). Put another way, bond markets view the Eurozone's second largest economy as a riskier borrower than Greece.
?? ALL OF THIS was visible to economists and Fx traders 12 years ago. [comment]. Armstrong Economics just declared the imminent demise of the EUR. Dollarizing Europe once and for all is the solution---via stablecoins. EUR debt holders forewarned.