Monthly Archives: September 2011

Week-long unrest in Greece ahead of troika meeting

(click here if video is not observable)

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La Grande Divergence

Great chart of eurozone sovereign 10-year yields from Desmond Lachman of the American Enterprise Institute.  We made a decent living off the “great convergence trade” of the 1990’s, where yields of the eurozone sovereigns collapsed on top of each other.  … Continue reading

Posted in Black Swan Watch, Bonds, Budget Deficit, Euro, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , , , , | 1 Comment

Week in Review: Gold and the Three McBears

What a week.  The China/Asia slowdown worries came full force onto the radar screen with the collapse of copper and the Hang Seng.  We put more stock in these real time indicators than the official data coming out of officialdom. … Continue reading

Posted in Week in Review | Tagged , , , , , , | 2 Comments

Interview: Anni Podimata, Greece VP of the European Parliament

(click here if video is not observable)

Posted in Black Swan Watch, Euro, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , | Leave a comment

Each U.S Citizen Owes $3,719 to China and $475 to Russia

Created by: MBA Online (click here if chart is not observable)

Posted in Black Swan Watch, BRICs, Budget Deficit, China, Sovereign Debt, Sovereign Risk | Tagged , , , | Leave a comment

Look east, young man, at the “64 million empty apartments”

In the context of Jeremy Grantham’s warning that this is no market for young men, coupled with this week’s collapse in copper, oil, and the Hang Seng, we wonder if the realization and fallout from China’s ghost cities is  really … Continue reading

Posted in Black Swan Watch, China | Tagged , , , | 1 Comment

Global Trend Indicators

(click here if tables are not observable)

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Phases of the Credit Cycle

Another great chart from the IMF. (click here if chart is not observable)

Posted in Charts, Credit | Tagged | 5 Comments

Unfinished Business

The markets’ beating and rally into the close has the bottom callers out in force claiming the lows have held.  We’re not so sure.  The three macro legs of the market stool (no pun intended) are still wobbly with the … Continue reading

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Jeremy Grantham: ‘No market for young men’

Be sure to catch Johnathan Burton’s piece on MarketWatch.  Here’s the upshot: “This is no market for young men,” Grantham said. “At least us old men remember what a real bear market is like, and the young men haven’t got … Continue reading

Posted in Black Swan Watch, Whales | Tagged , | 2 Comments