An Italian reader of Credit Writedowns explains:
With this [Monte Paschi] scandal people started to realize that the right (Berlusconi’s party) and the Left (Bersani’s PD) are equally corrupt and are in politics to do favours for their friends…….People voted for Grillo because they are sending a message to Bersani and Berlusconi: “go home”. They have ruined the country in the last 20 years.
Read more of this entertaining insight into Italian politics An Italian voter speaks out on the real reasons Italians voted for Grillo | Credit Writedowns.
Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He founded PVT Capital (AFSL number 546090), which provides income and growth strategies to wholesale clients.
Colin also co-founded Incredible Charts and writes the popular Patient Investor newsletter.
Using a top-down approach, Colin identifies macro trends in the global economy and then combines fundamental and technical analysis to evaluate opportunities in sectors that stand to benefit.
Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.