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A Funny Thing Happened On The Way To The Forum

Mark J. Grant profile picture
Mark J. Grant

Tragedy tomorrow

Comedy tonight

The Italian elections are looming. They will rise over the Coliseum on Sunday. Many have ignored them. I have not. I hope you are prepared for the outcome. I do not believe that most people, and institutions, are correctly set-up for what may be forthcoming. Unlike the United States, the focus is not on the parties, but on the coalitions. I expect trouble in this chariot race and I have done what I can to warn you. The Romans may be in Revolt!

Every new beginning comes from some other beginning's end.

- Seneca the Elder

Elections, you know, can be tumultuous occasions. The chirping of the Elite gives way to the desires of the common man when an election takes place. Those in power, without doubt, want to remain in power, but when the outcome of the election is announced it is found, quite often, that the reins have been turned over to others and that the direction of the new leaders is not the direction of those who ruled previously.

What we have here, you see, is not the Italian elections standing alone, but their influence on the construct to which they belong. The people in Rome and Tuscany do not seem to be overly pleased with the bureaucrat's orders emanating from Brussels, but being written in Berlin. The European Union could face considerable strain from Europe's third-largest economy, if the Berlusconi crowd rises to the top of the heap. The Five Star Movement also poses significant issues.

Beware the Ides of March. The forthcoming question may be "Et tu Silvio?"

There is a tide in the affairs of men

Which, taken at the flood, leads on to fortune;

Omitted, all the voyage of their life

Is bound in shallows and in miseries.

This article was written by

Mark J. Grant profile picture
Mark J. Grant is the Chief Global Strategist at Colliers Securities, LLC. The highlights of a 48-year career in the financial services industry include positions as President of an investment bank, head of Capital Markets for four investment banks, and serving on the Board of Directors of four investment banks. He has been designated as a Bloomberg Prophet, one of only 15 globally. Mark is one of the longest serving guests on CNBC’s “Squawk Box”, is frequently interviewed on Fox Business and Bloomberg TV, and is regularly quoted in the Wall Street Journal, Barron’s, MarketWatch and other business publications. His commentary, “Out of the Box,” is subscribed to by over 5,000 money managers and financial institutions in more than 46 countries. He is also the author of a book titled “Out of the Box and onto Wall Street.” While Mark’s institutional clients include some of the largest money managers in the world, he also works with high-net worth individual investors. His unique investment strategy is especially useful for people who need yield and monthly cash flows. He employs carefully chosen closed-end funds and exchange traded funds and notes to produce monthly income for his clients, currently he is able to provide yields are 10%+, however current performance is no guarantee of future results. For additional information, email Mark at Markjgrant@Bloomberg.net.

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Comments (9)

KYSANMAN profile picture
Hilarious. Loved that show. So many great actors including Jack Gilford, one of my all-time favorites. Beware the Ides of March!
This more than a time for tequila and crabgrass, hell make mine a double of Johnny Walker and you can keep the greens. I think there's good reason to worry.
Thank you for the weekend warning/reminder. Do you ever rest?
You think Italians are going to throw their country in the WC because you understand nothing of Italy.
‘WC’: Italian’o abbreviate for ‘Wine Closet’ ??
rmccallay profile picture
satorino - We should know by morning, if Mr Grant understands Italy, or not. In my experience, he is usually correct in predicting this stuff......
Berlusconi is projected to win, so I think we should all worry.
fm1michael1 profile picture
Long ZIV
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