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Ho feto-fetoha ha Lichelete tsa Roma ho Tšosa Eurozone - Hedge Funds Bet $39 Billion Khahlanong le Mokoloto oa Italy
Hedge funds e becha kgahlanong le mekoloto ya Roma kaha datha tsa S&P Market Intelligence e bonts'a hore batseteli ba bokelletse bethe e khutšoane ea $ 37 bilione khahlano le sekoloto sa Italy. Lichelete tsa hedge li ntse li becha tse kholo khahlano le litlamo tsa Mataliana 'me batseteli ha ba so ka ba becha holimo joalo khahlanong le Roma ho tloha 2008, ha Italy e tobane le ho hloka botsitso lipolotiking, bothata ba matla, le sekhahla sa inflation sa 8.4% ka Phupu.
Investors Expect Italian Debt Default Amid Country’s Shaky Bond Market, Energy Crisis
Italy’s economy has been volatile in recent times as the Ukraine-Russia war has wreaked havoc on the European country adjacent to the Mediterranean coastline. The country is dealing with a significant bothata ba matla and Italian residents are being asked to turn down the heat this winter. The Italian economy has people speculating that it’s only going to get worse and litlaleho tse show a massive number of investors are shorting Rome’s liabilities.
Bond borrowing schemes highlight how investors borrow the Italian liabilities in order to bet that values will decline before the debt buyback is due. S&P Market Intelligence data e bontsa €37.20 billion of Italian bonds were borrowed by August 23. The sum of bonds borrowed is the highest since January 2008 during the Great Recession. Italy has continued to print high inflation rates as well, with May posting 7.3%, June recording 8.5%, and July printing 8.4%.
The $37 billion in shorts suggests market speculators believe Rome will default and the financial shock will spread like a contagion across Europe. Italy is traditionally known for having a strong economy but the country has a dependence on Russian gas. The Letlōle la Lichelete la Machaba (IMF) warned last month that Italy’s economy would see a 5% contraction due to Europe’s tensions with Russia over the Ukraine-Russia war. Italy’s economic downturn is taking place amid India e fetang the U.K. as the world’s fifth largest economy.
Reports noted in July that Italy and the country’s prime minister, Mario Draghi, have not done enough “to kick-start growth.” Despite Draghi’s pledge to save the euro in July 2012, Italy is struggling and the country pays the highest premium to borrow bonds after Greece. Holger Schmieding, an economist at Berenberg, said: “Draghi is trying, has done a little bit here and there but neither I nor the market are yet convinced that trend growth in Italy is strong enough.”
What do you think about the hedge funds betting against Italy’s debt? Let us know what you think about this subject in the comments section below.
Mohloli oa pele: Bitcoin.com