Best of the Week
Most Popular
1.What Happened to the Stock Market Crash Experts Were Predicting - Sol_Palha
2.London Housing Market Property Bubble Vulnerable To Crash - GoldCore
3.The Plan to Control ALL Your Money is Now at Advanced Stage
4.Why Gold Is Set For An Epic Rally This Spring - James Burgess
5.MR ROBOT NHS Cyber Attack Hack - Why Israel, NSA, CIA and GCHQ are Culpable - Nadeem_Walayat
6.Emmanuel Macron and Banking Elite Win French Presidential Election 2017 - Nadeem_Walayat
7.Trend Lines Met, Technical's are Set - US Dollar is Ready to Rally (Elliott Wave Analysis) - Enda_Glynn
8.The Student Debt Servitude Sham - Gordon_T_Long
9.Czar Trump Fires Comey, Terminates Deep State FBI, CIA Director Next? - Nadeem_Walayat
10.UK Local Elections 2017 - Labour Blood Bath, UKIP Death, Tory June 8th Landslide - Nadeem_Walayat
Last 7 days
Rosenstein and Mueller: the Regime Change Tag-Team - 25th May 17
Stock Market Top - Are We There Yet? - 25th May 17
Should I Invest My Fortune in Gold? Inaugural Lecture by Dr Brian Lucey - 25th May 17
USD/CAD Continues Decline - 25th May 17
Bitcoin Price Goes Loco! Surges through $2,500 Despite Unclear Fork Issues - 25th May 17
The US-Saudi Arms Deal - Sordid Saudi Signals - 25th May 17
The No.1 Commodity Play In The World Today - 24th May 17
Marks and Spencer Profits Collapse, Latest Retailer Hit by Brexit Inflation Tsunami 2017 - 24th May 17
Why Online Trading Platforms Are Useful for Everyone - 24th May 17
The Stock Market Will Tank Hard - 24th May 17
It’s Better to Buy Gold & Silver When It DOESN’T Feel Good - 24th May 17
Global Warming - Saving Us From Us - 24th May 17
Stock Market Forecast for Next 3 Months - Video - 23rd May 17
Shale Oil & Gas Production Costs Spiral Higher As Monstrous Decline Rates Eat Into Cash Flows - 23rd May 17
The Only Metal Trump Wants More Than Gold - 23rd May 17
America's Southern Heritage is a Threat to the Deep State - 23rd May 17
Manchester Bombing - ISIS Islamic Terrorist Attack Attempt to Influence BrExit Election - 23rd May 17
What an America First Trade Policy Could Mean for the US Dollar - 22nd May 17
Gold and Sillver Markets - Silver Price Sharp Selloff - 22nd May - 22nd May 17
Stock Market Volatile C-Wave - 22nd May 17
Stock Market Trend Forecast and Fear Trading - 22nd May 17
US Dollar Cycle : Deep Dive - 21st May 17
Bitcoin Breaks the $2,000 Mark as Cryptocurrencies Continue to Explode Higher - 21st May 17
Stocks, Commodities and Gold Multi-Market Status - 21st May 17
Stock Market Day Trading Strategies and Brief 20th May 2017 - 21st May 17
DOW Needs to Rally Big or Correction is Next - 20th May 17
EURUSD reaches DO or DIE moment! - 20th May 17
How to Get FREE Walkers Crisps Multi-packs! £5 to £28k Pay Packet Promo - 20th May 17
UK BrExit General Election 2017 - Will Opinion Pollsters Finally Get it Right? - 19th May 17
Gold Mining Junior Stocks GDXJ 2017 Fundamentals - 19th May 17
If China Can Fund Infrastructure With Its Own Credit, So Can We - 19th May 17
Evidence That Stocks are More Overvalued than Ever - 19th May 17
Obamacare May Become Zombiecare In 2018 - 19th May 17
The End of Reflation? Implications for Gold - 19th May 17
Gold and Silver Trading Alert: New Important Technical Development - 19th May 17
Subversion And Constructive Synthesis Of Capitalism And Socialism - 18th May 17
Silver: Train Leaving Station Soon! - 18th May 17
Credit and Volatility Signal That Financial Conditions Are Very Overheated - 18th May 17
Another Stock Market "Minsky Moment" or Will the Markets Calm Down? - 18th May 17
WannaCry Ransomware Virus Is a Globalist False Flag Attack On Bitcoin - 18th May 17
Euro, Stocks, Gold Momentum Extremes All Round! - 18th May 17
US Stock Market Slumps on Establishment / CIA Trump Impeachment Coup Plan - 18th May 17
Tory Landslide, Labour Bloodbath - Will Opinion Pollsters Finally Get a UK Election Right? - 17th May 17
The stock market sectors which are breaking out in 2017 - 17th May 17
A ‘Must-See’ Chart for Gold and Silver Aficionados  - 17th May 17
Will the SPX Stock Market Final Surge Fail to Appear? - 16th May 17
Claim your FREE copy of Jim Rickards’ explosive book - 16th May 17
GOP Establishment Elite Plots Trump Removal - 16th May 17
Walkers Crisps Pay Packet Cheats, Shoplifters and Staff Conning Customers - 16th May 17

Market Oracle FREE Newsletter

Why 95% of Traders Fail

BrExit Tsunami Claims Emperor Renzi's Scalp, Counting Down to End of the EU, Next?

ElectionOracle / European Union Dec 06, 2016 - 03:06 AM GMT

By: Nadeem_Walayat

ElectionOracle

The Italian people raged against the machine by ejecting Prime Minister Matteo Renzi from office, a person NO Italian ever elected into office! The former Mayor of Florence who Machiavelli style literally back stabbed his way into the Prime Ministership, which was effectively a coup d'etat! So it's no wonder that Renzi wanted to tamper with Italian constitution so that he could concentrate further powers into his end, eyeing his vision of proclaiming himself the New Emperor of Rome!


Whilst the Italian government is in a state of shock, and most journalists. However the Italian job, unlike Britain's BrExit and Trumps election win were for those who deemed to look a probable event as illustrated by my article of Saturday 3rd of December that concluded despite the BrExit Tsunami wave next targeting Italy, in this instance the betting markets and pollsters were favouring a BrExit outcome as being more probable than not

First UK BrExit then Trump, Next BrExit Tsunami Wave to Hit Italy HARD Sunday!

What about the opinion polls?

Apparently the opinion polls went into blackout mode on 18th November when they were typically giving the NO camp the lead on 53%.

What about the betting markets?

No betfair market but traditional bookies put NO on 1/3 and YES on 2-1. So at least for this vote the pollsters and the bookies are saying a Brexit outcome is more probable than not.

What would Italy being hit by the Brexit wave actually mean?

The only consequence I can see is that Matteo Renzi resigns and likely triggers an early Italian general election. Beyond that everything is rather foggy, but an general election would open the door to the populist 5 Star movement. So whilst a BrExit style anti-establishment result looks likely in Italy, however it does not result in anything like Brexit as it happened in the UK as it has nothing to do with membership of the european union.

And so that which was the most probable has come to pass which surely sends shivers of fear down the european establishments back, as the BrExit Tsunami wave turns its attention to its next target towards an ultimate destination that would mark that just the end of the Euro-zone but the European Union. For the END of the EU is the final destination of the Brexit Tsunami that even today europe's establishment elite just cannot fathom, comprehend, get their head around. Perhaps they need to watch my highly prescient video of March 2016, that's 3 months before Britain's referendum, 8 months before Trumps election win and 9 months before today. For the video makes clear what BREXIT actually means for the EU, the ultimate fate in store for the EU.

The European Union is the author of the european peoples pain. So just as the British establishment elite were shocked into silence in June 2016 so has the Italian elite today.

Just as the american establishment elite were following Donald Trumps apparently impossible election win. Remember the bookies? The pollsters? Both stated Trump had NO CHANCE of winning, IMPOSSIBLE! Here's why it happened and why they got it so badly wrong -

And just as I stated in Saturday's article, Italy is now on the path towards EXITING the Euro-zone and the EU! In fact after Britain, and as things stand today then Italy looks likely to be the NEXT country to leave the EU.

The people of Italy HAVE HAD ENOUGH! They have put up with over 8 YEARS of ECONOMIC DEPRESSION! They have put up with 40% YOUTH UNEMPLOYMNET!, They have put up with AUSTERITY without end! And despite ALL of the PAIN there has been NO GAIN! ZERO! The economy not only remains stagnant but is in an even WORSE state than where it was 8 years ago because today Italy's debt mountain has grown to not 100% of GDP that many economists warn as being dangerously indebted, no Italy's debt mountain is at 140% OF GDP! - ALL PAIN NO GAIN, the people have had ENOUGH! And thus are voting for REAL CHANGE! And not the fake pass the parcel change that takes place during general elections, when nothing really ever changes as the real power has long since been passed onto to the EU in BRUSSELS!

REAL CHANGE IS COMING TO EUROPE!

The BREXIT TSNUMAI is already eyeing its NEXT Target! Netherlands, France, even Germany are in its sights.

Netherlands - March 2017

Is a battle between conservative liberal VVD and the nationalist far right PVV. The opinion polls are currently putting the PVV in the lead on 33% against the VVD on 25%. Therefore the Netherlands are heading for a Brexit like shock result, though given the Dutch proportional representation system virtually ensures no single party can win the election unless they achieve more than 50% of the vote.

France - April 2017

The French presidential election will be a tough battle between centre right Francoi Fillion and far right Marine Le Pen, current betting market odds significantly favour Fillion, which at this time suggests France may avoid a Brexit shock outcome.

Ensure you are subscribed to my always free newsletter to understand exactly what is happening and why. Remembering that I correctly forecast Britain's Brexit, Trumps election win and the Italian NO vote in addition to ongoing stocks and housing bull markets.

By Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-2016 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 25 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Housing Markets Forecast 2014-2018The Stocks Stealth Bull Market 2013 and Beyond EbookThe Stocks Stealth Bull Market Update 2011 EbookThe Interest Rate Mega-Trend EbookThe Inflation Mega-trend Ebook

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Nadeem Walayat Archive

© 2005-2016 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

Catching a Falling Financial Knife