Eurozone vs Banking Crisis
QUESTION: Mr. Armstrong, you have publicly warned the EU about this looming debt crisis. You have explained it as a trader on numerous podcasts. I find it incredible that the WSJ, Reuters, and Bloomberg do not interview you, which only confirms they have become fake news. Reuters quotes people who w
Source: Armstrong Economics
―
DW NOTE
The excerpt cuts off mid-sentence, but the complaint is clear: Armstrong wants credit for predicting eurozone debt stress that mainstream outlets won't give him. The irony is that a crisis requiring no prediction — the eurozone has been in rolling sovereign debt distress since 2010. Greece restructured. Italy's debt-to-GDP is 137%. The ECB has bought €5 trillion in bonds to hold the periphery together. Calling this a "looming" crisis in 2026 is like forecasting that a house already on fire might eventually burn.