Category Archives: Euro

Depression in the European Periphery

Nice chart and analysis from the New York Fed’s blog, The chart also shows that the current economic situation is much weaker in several euro-area periphery countries. The recession in Greece has yet to end, and real GDP is now … Continue reading

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

Tough Day in Euroland

Europe came back from its long Easter weekend and took a nasty spanking. Spain’s sovereign spread over German bunds blew out 26.3 bps and is within 40 bps of its November high, while Italy moved 27.4 bps wider.   The large … Continue reading

Posted in Black Swan Watch, Equities, Euro, Eurozone Sovereign Spreads, German Bund, Sovereign Debt, Sovereign Risk | Tagged , , , , , | Leave a comment

The Bigs Break

More breaks in the big indices as the S&P500 and Dow have violated their short-term uptrend.   The Dow closed below its 50-day moving average today for the first time since mid-December, which was a vicious bear trap.   Doesn’t seem like … Continue reading

Posted in China, Equities, Euro, Eurozone Sovereign Spreads, Sovereign Debt, Sovereign Risk, Technical Analysis | Tagged , , , , | 2 Comments

60 Minutes: Europe’s Debt Crisis

CBS’ 60 minutes aired this report tonight. Well worth your time. When the tide goes away you see those who do not have a swimming costume on.   And that was the case in Europe – Christine Lagarde (click here if … Continue reading

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

Rajoy seeks to calm investor nerves in Spain

(click here if video is not observable)

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Eurozone manufacturing slump worsens in March – Markit

(click here if charts are not observable)

Posted in Economics, Euro, Manufacturing, PMIs | Tagged | Leave a comment

Greece’s Human Capital Flight

(click here if video is not observable)

Posted in Black Swan Watch, Employment, Euro, PIIGS, Policy, Sovereign Debt | Tagged , , , | 2 Comments

Real Pain in Greece

This chart of Greece retail sales comes to us from Reuters via the Zahari blog in Athens.   It encapsulates the economic collapse that is taking place in Greece.  We seriously doubt the U.S. or most of the core of Europe … Continue reading

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

France’s River of de Nile

Good Economist cover story of the upcoming French elections.  Keep this one on your radar, folks, it could start moving the market needle.     Here’s a little taste of the article, Yet what is most striking about the French … Continue reading

Posted in Euro, Policy, Politics | Tagged , , | 1 Comment

Real Pain in Spain

Youth unemployment (<25 years) running at 50 percent!   The stuff the “clash of generations” is made of.  It’s starting to feel the world is about three sparks away. (click here if video is observable)

Posted in Black Swan Watch, Euro, Eurozone Sovereign Spreads, Fiscal Policy, PIIGS | Tagged , , , , | Leave a comment