Want to truly understand the scope of Italy’s problems?
From its teetering banking system to continent-wide discussions about the benefits of European Union membership, the discussion above is must-see TV for thoughtful investors.
In this video excerpt from The Macro Show, economist and author Daniel Lacalle and Hedgeye CEO Keith McCullough discuss a wide-range of topics from why Europe is in deep trouble to the fallacy of mainstream economic thinking.
In particular, Lacalle dissects the financial market contagion that could result from the failure of Italy’s banking system. He explains why bail-ins won’t work and how the solution to Spain’s banking crisis, from 2009-2013, may be a model for fixing Italy’s woes.
Click here to read Lacalle’s Hedgeye Guest Contributor note, “Mamma Mia! Why Italian Bank Bailouts Won't Be Enough.”
