Category Archives: Euro

French Politics Heating Up….

Posted on January 22, 2012 by macromon

Looks like the elections in France are about to get very interesting.  François Hollande now holds 7 point lead in polls over Sarkozy. (click here if video is not observable)

Posted in Euro, Politics, Sovereign Risk | Tagged , , , | 1 Comment

Italy deregulates for competition

Posted on January 20, 2012 by macromon

How much push back?  A key issue to monitor. (click here if video is not observable)

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

‘Toon of the Day: Capitano Merkel, vada a bordo cazzo!

Posted on January 20, 2012 by macromon

Spiegel posted this cartoon which appeared in an Italian newspaper portraying the German Chancellor Merkel caricature and likening her to the captain of the capsized Costa Concordia. After abandoning ship, the captain was exhorted by a local Coast Guard official,  … Continue reading →

Posted in Euro, Sovereign Debt, Sovereign Risk | Tagged , , | 1 Comment

What Eurozone Crisis?

Posted on January 19, 2012 by macromon

Wow!  Check the moves in the large Eurozone bank stocks today and for the week.  And, unlike the U.S. market, on heavy volume.   Euro sovereign spreads are a bit tighter on the week with the exception of Portugal, which Standard … Continue reading →

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

The Race to Debase

Posted on January 16, 2012 by macromon

Wow!  Nice catch up by the ECB.   Don’t you get the feeling more QE3 talk from from the FED confirmed by dollar stabilization — i.e., non-strength — will ignite gold like a bottle rocket? (click here if chart is … Continue reading →

Posted in Dollar, Euro, Gold | Tagged , , , , , | Leave a comment

Sarkozy breaks silence after French downgrade

Posted on January 15, 2012 by macromon

(click here if video is not observable)

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

Italy’s Monti to Focus on Growth

Posted on January 12, 2012 by macromon

(click here if video in not observable)

Posted in Black Swan Watch, Euro | Tagged , , | 2 Comments

Eurozone Sovereign Spread Tightening

Posted on January 12, 2012 by macromon

After the better than expected Spanish bond auction, eurozone sovereign spreads have come in significantly today.  The widely watched Italian 10-year bond yield fell to 6.63 percent. The return of confidence, in our opinion, is the continuation of the markets’ … Continue reading →

Posted in Black Swan Watch, Euro, Eurozone Sovereign Spreads, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , , , , , | 2 Comments

Eurozone bond auctions kick off

Posted on January 4, 2012 by macromon

“Not a good auction, but not a surprise.” (click here if video is not observable)

Posted in Black Swan Watch, Euro, Sovereign Debt, Sovereign Risk | Tagged , | 3 Comments

Eurozone Q4 ’11 manufacturing growth weakest since mid-2009

Posted on January 2, 2012 by macromon

“Eurozone manufacturing is clearly undergoing another recession. Despite the rate of decline easing slightly in December, production appears to have been collapsing across the single currency area at a quarterly rate of approximately 1.5% in the final quarter of 2011. … Continue reading →

Posted in Economics, Euro | Tagged , , | 1 Comment