Salient to Investors:
Nouriel Roubini at NYU writes:
- Expect Italian elections in early 2014 but sooner is possible.
- If there is no solution to Italy’s crisis, the spread will rise to 3 percent in a few days and the calm period for Italian stocks will end.
- Bank stocks will be particularly hard hit and credit costs will continue to rise.
- The sooner the elections, the worst the damage for bonds.
Read the full article at http://drnourielroubini.blogspot.com/2013/09/italys-crisis.html
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