Category Archives: Black Swan Watch

More Pain in Spain

Though yields dropped about 20 bps today,  the pain continues.   Big move in the German 10-year bund since June 1st –  1.17 to 1.51 percent! (click here if video is not observable)

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G20 Puts Squeeze on EU Policymakers

(click here if video is not observable)

Posted in Black Swan Watch, Euro, Eurozone Sovereign Spreads, Italian Yields | Tagged , , , | Leave a comment

Greece Is Not The Word

Check out today’s action  in European sovereign credit and bank equities after the the better than expected results from the Greek election.   Spain and Italy blowing out and Euro bank stocks clearly demonstrates the market is beyond Greece and looking … Continue reading

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

Images from Greece’s crucial election – Reuters

(click here if video is not observable)

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Samaras Wins Greek Election

As we expected the Greeks rejected the Armageddon they so feared.  Now for the hard part.   Structural problems remain. Markets like it and many caught offside.    Is that a inverted head and shoulder pattern in the S&P500? (click here if … Continue reading

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Statfor: George Friedman on Europe’s New Reality

We are realizing the interests of Greece, the interest of Spain, the interest of Germany are not quite aligned… Can Europe escape its own history? (click here if video is not observable)

Posted in Black Swan Watch, Economics, Euro, PIIGS | Tagged , | 3 Comments

Central banks brace for stormy weekend

(click here if video is not observable)

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Greek Logic

Here’s a political and economic paradox.:   If the Greeks are pulling their money out of banks en masse, buying durables, and hording food to prepare for Armageddon,  will they actually vote for the Armageddon they are so panicked about? We … Continue reading

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Greek Withdrawl – 800 M euros per day

(click here if video is not observable)

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Italy Fears Pain From Spain

(click here if video is not observable)

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