“This has to be the most well-telegraphed, and now inevitable, national bankruptcy that I have seen in my 45-year career.”

John Mauldin

John Mauldin, the best-selling author, analyst, and financial writer is one of my favorite advisors on the global economy and the global macro marketplace.

A major sovereign debt crisis is looming in the Eurozone right now, as the Year of Political Hell approaches in 2017. From BREXIT to President-Elect Trump to the Italian Referendum NO Vote, the outlook for the sinking Eurocurrency and European Union is cloudy at best and potentially catastrophic looking ahead into the new year.

Investors need to pay attention to the rising crisis in Italy and the systemic risk it presents to all global investors, including US investors. You can be sure that with Trump-mania in full bloom and investor complacency near an all-time high, the near term risks to global stock and bond portfolios is significant.

If you haven’t read his recent column on the Italy’s impending bankruptcy, it is worth a read: JOHN MAULDIN: Brace Yourself For Italy’s Bankruptcy

 

Kirk D. Bostrom, Founder and Managing Partner

Strategic Preservation Partners LP ( http://sppfund.com ) is a private investment firm managing the Strategic Preservation Fund LP (The Fund), a US domiciled global special situations investment fund. The Fund offers qualified investors the opportunity to build and protect real wealth by exploiting a volatile conclusion to the Global Central Banking Bubble and credit market super cycle.

Disclaimer: The views expressed are the views of Kirk Bostrom and are subject to change at any time based on market and other conditions. This material is for informational purposes only, and is not an offer or solicitation for the purchase or sale of any security and should not be construed as such. References to specific securities and issuers are for illustrative purposes only and are not intended to be, and should not be interpreted as, recommendations to purchase or sell such securities. The opinions expressed herein represent the current, good faith views of the author at the time of publication and are provided for limited purposes, are not definitive investment advice, and should not be relied on as such. The information presented in this article has been developed internally and/or obtained from sources believed to be reliable; however, the author does not guarantee the accuracy, adequacy or completeness of such information.