Category Archives: Black Swan Watch

Mr. (Bond) Market Prepares to Take Down Silvio

Posted on November 7, 2011 by macromon

Remember the 1997 Asian Financial Crisis? The bond and currency markets took down Indonesia’s Suharto regime, which survived three decades of student protests, attempted coups, and external pressure. What tanks couldn’t do, markets did. With G-Pap now gone Club Med … Continue reading →

Posted in Black Swan Watch, Bonds, Euro, Geopolitical, PIIGS, Sovereign Debt, Sovereign Risk | Tagged Bond Yields, Italy, Politics, Silvio Berlusconi | 2 Comments

Is Iran About to Get Hot?

Posted on November 5, 2011 by macromon

Here is something brewing off radar. We’re wondering if this is a factor as to why crude is bid and gold is coming back? Debka wrote last week, The inference was clear: The Israeli Air Force was strengthening its cooperation … Continue reading →

Posted in Black Swan Watch, Crude Oil, Geopolitical, Gold | Tagged Iran, Israel, Nuclear | 6 Comments

Berlusconi fading

Posted on November 4, 2011 by macromon

Gone by Monday? (click here if video is not observable)

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

Europe’s Tower of Terror

Posted on November 4, 2011 by macromon

The circus continues in Europe. No big bazooka EFSF coming out of G20 to put a firewall around Greece and save Italy. Greece is a sideshow and the Italy-Germany bond spread is what you need to watch as an indicator … Continue reading →

Posted in Black Swan Watch, Currency, Euro, PIIGS, Sovereign Debt, Sovereign Risk | Tagged European Debt Crisis, G20, Italy Geramy Bond Spread | Leave a comment

Stiglitz: Lessons from Iceland’s Economic Crisis

Posted on November 3, 2011 by macromon

Interesting take from Nobel prize economist, Joe Stiglitz, on Iceland’s response to its debt crisis, which is becoming a model for some in European periphery. Austerity is so passé! (click here if video is not observable)

Posted in Black Swan Watch, Economics, Euro, PIIGS, Policy, Sovereign Debt, Sovereign Risk | Tagged European Sovereign Debt Crisis, Iceland, Stiglitz | Leave a comment

BNP Paribas Increases Reserves on Greece Exposure to 60%

Posted on November 2, 2011 by macromon

BNP Pariabas, Europe’s largest bank in terms of total assets, took a €2.1 billion hit to earnings after increasing reserves on its Greece exposure to 60 percent, up from 21 percent last quarter. The European banks are finally getting serious, … Continue reading →