Category Archives: Euro

Swan Lake – May 30

Posted on May 30, 2018 by macromon

Italy’s president has attempted to broker an eleventh-hour deal between the country’s two largest populist parties to avoid another destabilising national election, helping Italian assets recover from a sell-off that rattled investors worldwide. Sergio Mattarella, who triggered this week’s crisis … Continue reading →

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

Europe Has A Big Problem

Posted on May 28, 2018 by macromon

Italy’s president, Sergio Mattarella,  named Carlo Cottarelli, prime minister as the attempt to form a left-right populist coalition government fell apart after Mattarella’s veto of Eurosceptic economist, Paolo Savona as finance minister.    An extraordinary development almost tantamount to the Queen … Continue reading →

Posted in Bonds, Euro, Eurozone Sovereign Spreads, Italian Yields, Uncategorized | Tagged , , , , | 32 Comments

Europe’s Bad Debts Still Haunt The Euro Banks

Posted on February 14, 2018 by macromon

Looks like the new “Iron Curtain” in Europe is the non-performing loans (NPLs)  in each country’s banking system.    Greece and Italy stand out. For European banks, it’s a headache that just won’t go away: the 944 billion euros ($1.17 … Continue reading →

Posted in Banking, Debt, Euro, Uncategorized | Tagged , , | 2 Comments

Angela Lives!

Posted on January 21, 2018 by macromon

At least to fight another day and the final round of negotiations to form a collation government with the Social Democrats (SPD).   Not a done deal just yet. . The euro/$ is quite muted and coming off tonight’s opening … Continue reading →

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Merkel launches new round of coalition talks – EuroNews

Posted on January 7, 2018 by macromon
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Merkel Retains Power, Far Right Moves To Bundestag

Posted on September 24, 2017 by macromon

Just when you thought eMac – Emmual Macron –  had stamped out right-wing populism in Europe, here come the Germans.   The country’s two leading political parties,  the Christian Democrats (CDU/CSU – “The Union) and the Social Democrats (SPD),  who are … Continue reading →

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FOMC: A Big Double Cheese Non-Burger

Posted on September 20, 2017 by macromon

Monetary policy history made today. The  Federal Open Market Committee (FOMC)  confirmed it would begin its long-awaited quantitative tightening (QT). In October, the Committee will initiate the balance sheet normalization program described in the June 2017 Addendum to the Committee’s … Continue reading →

Posted in China, Euro, Eurozone Sovereign Spreads, Fed, German Bund, Monetary Policy, Sovereign Debt | Tagged , | 2 Comments

Fed Day With Extremely Loose Financial Conditions

Posted on September 20, 2017 by macromon

Today is the day,  folks. The consensus is the Fed announces the start of quantitative tightening (QT).   History in the making. Draining Liquidity Though monetary tightening officially began in December 2015,  this will be the first time the Fed drains … Continue reading →

Posted in ECB, Economics, Equities, Euro, Fed, Monetary Policy, Uncategorized | Tagged , , , , | 1 Comment

Super Mario’s Problem In One Picture

Posted on August 31, 2017 by macromon

File under “Kafkaesque Markets.” Source:  MacroTourist

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