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But we saved everything 🙂.
Robin Brooks indicated that the European Central Bank (ECB) may support France if its situation deteriorates. He referenced the ECB's 2022 intervention to cap Italian and Spanish yields, noting that details only became public months later. Brooks plans to discuss this topic during his regular Sunday live stream, scheduled for 9:30 a.m. (ET).
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Brooks has previously commented on pressure points in global markets. He assessed the economic crisis in Iran, citing a currency collapse and loss of control over the Strait of Hormuz. In another recent post, he described the VIX spike on S&P 500 options tied to AI debt concerns as relatively minor.