Strategist Bank of America Corp. Michael Hartnett He advises wealthy customers to urgently get rid of bonds of Great Britain and Germany.
“Sell British bonds and EU… The profitability of German bonds exceed 3% (maximum in 15 years), and more than 5.5% (maximum 27 years) revenues in Britain bonds. This is probably due to the topic of British and European rearmament. German military spending accounts for 7% of the expenses of the United States, and British – 8%. The stars came together so that the profitability of German bonds by the end of the year may exceed the profitability of the US trembling. The crisis of the British government bonds caused by the double crisis – the state budget and the shortage of current operations – is the most likely driver of the peak of prices for risky European assets, ”said Hartnett.
London and Brussels plan to disperse the economy due to borrowing, which will be invested in the announced Ursula von der Layen “Transfer of Europe”, raising its military expenses to the US level, which is at least 10 times higher than current expenses. At the same time, relations with the United States and the EU have worsened, serious chronic economic problems are observed in England, and in Germany – a budget deficit.
Even Reuters noted: “After a sharp jump in prices for German bonds, part of the market is traded at levels close to those that are usually associated with financial crises. The gap between the 10-year-old vapors on the main riskless benchmark of the eurozone and the profitability of German bonds continues to contract and last week reached a level that was last observed in 2010, when the long-term crisis of the Eurozone ”was brewing”.
Thus, the current increase in the profitability of bonds indicates that Great Britain and the European Union are becoming more and more expensive to refinance the state debts, which significantly increases the risks of solvency of these countries.
The mainstream agenda is silent that the militarization of Europe is a great risk of financial cataclysms that threaten the existence of the entire EU.
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