Category Archives: ECB

Stratfor: Cypriot Bailout Reverberates Beyond the EU

Posted on March 18, 2013 by macromon

Stratfor Europe Analyst Adriano Bosoni discusses the controversial Cypriot bailout proposal and its effects beyond the European Union. For more analysis, visit: http://www.Stratfor.com (click here if video is not observable)

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WTF Were They Thinking?

Posted on March 18, 2013 by macromon

That’s our System 1 (fast) thinking  kicking in after hearing the news of the Cyprus bail-in of depositors.  Our fast thinking really fears contagion and makes us want to vendere la casa!   We often get into trouble trading with … Continue reading →

Posted in ECB, Equities, Euro, Germany, Sovereign Debt, Sovereign Risk | Tagged , , | 7 Comments

Greece Is The Word….And A Done Deal

Posted on November 26, 2012 by macromon

After the Eurozone’s failure to conclude a Greek deal last week, we posted So the hangup is not over whether there will be a deal, but what type and how much debt relief Greece will be granted by the official … Continue reading →

Posted in ECB, Euro, PIIGS | Tagged , , | 1 Comment

Perspective on Greece’s Great Depression

Posted on November 19, 2012 by macromon

Bank of America Merrill Lynch provides an informative chart with perspective on how bad it is in Greece, The Greek recession has been the most severe in the recent history of crisis and compares only to the U.S. Great Depression.  … Continue reading →

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Euro Gloom

Posted on November 14, 2012 by macromon

The hits just keep on coming.  Forget what is happening in the markets,  the Euro street is truly hurting.  And that, our friends, is where the ultimate risk lies. (click here if video is not observable)

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Stratfor: Banking Union and Potential EU Division

Posted on September 20, 2012 by macromon

(click here if video is not observable)

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Stratfor: Eurozone Outlook

Posted on September 16, 2012 by macromon

(click here if video is not observable)

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Draghi Speaks, Markets Go Berserk

Posted on September 6, 2012 by macromon

The potential disappointments were there in Draghi’s OMT policy announcement.   The markets didn’t care, however, as the perceived tail risk of sovereign default was taken off the table as was a Euro banking collapse circumvented by the LTROs. Central bankers … Continue reading →

Posted in Banking, ECB, Economics, Euro, Eurozone Sovereign Spreads, Monetary Policy | Tagged , , | 1 Comment

Sweet & Sour Channel Stuffing and the Shanghai Swan Dive

Posted on August 27, 2012 by macromon

The news out China seems to be getting worse. Last week the NY Times reported about China’s huge inventory build of unsold goods, GUANGZHOU, China — After three decades of torrid growth, China is encountering an unfamiliar problem with its … Continue reading →

Posted in Black Swan Watch, China, ECB | Tagged , , , | 5 Comments

Enter the Draghi (Plan)

Posted on August 7, 2012 by macromon

The only thing new in the “Draghi Plan”, as far as we can see,  is the potential big bazooka #4  — unsterilized (?) purchases of periphery bonds by the  ECB. Still,  though, countries will have to submit to conditionality — … Continue reading →

Posted in ECB, Euro, Italian Yields, PIIGS, Sovereign Debt, Sovereign Risk, Spain | Tagged , , , , | Leave a comment