Category Archives: Euro

Are the Markets Driving European Politics?

Posted on December 29, 2011 by macromon

Der Spiegel poses the question to former Deutsche Bank CEO Hilmar Kopper in an interesting interview. SPIEGEL: The markets are driving politics, leaving no doubt as to who is really in charge. Kopper: I think that’s nonsense. Why does the … Continue reading →

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

Euro Swan Dives Splashes Santa

Posted on December 28, 2011 by macromon

This morning’s swan dive in the euro stopped the Santa rally right in its tracks. We have two questions:  1)  Has the ECB shot its wad as the lender of last resort providing massive liquidity to the banking system and … Continue reading →

Posted in Black Swan Watch, Equities, Euro | Tagged , , , , | 1 Comment

Spain’s PM Rajoy names insiders in new cabinet Euronews

Posted on December 21, 2011 by macromon

(click here if video is not observable)

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

Spain’s New P.M. Unveils Austerity Measures

Posted on December 19, 2011 by macromon

(click here if video is not observable)

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

European Bank Recapitalization

Posted on December 18, 2011 by macromon

                                                                     Source:   Der Spiegel (click here if chart is not observable)

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

BBC: Top economists reveal their graphs of 2011

Posted on December 13, 2011 by macromon

The BBC contacted us earlier in the week about our September post, La Grande Divergence, which included the following chart.   Vicky Pryce, the influential U.K. economist, liked enough to choose it as her favorite of the year.  BBC journalists will … Continue reading →

Posted in Black Swan Watch, Euro, Sovereign Risk, State and Local Government | Tagged , , , | 2 Comments

Charle Rose: Robert Rubin on the European Debt Crisis

Posted on December 12, 2011 by macromon

Good interview with Gillian Tett of the Financial Times and Robert Rubin, former United States Secretary of the Treasury on the European Debt Crisis.  Rubin does make a good point 19:45 minutes into the discussion about Mario Draghi’s debt monetization … Continue reading →

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

Wither Commerzbank

Posted on December 12, 2011 by macromon

As the markets digest the Reuters report Commerzbank is seeking more state aid here’s  an interesting graphic from Der Spiegel.   Where’s that hidden bazooka? (click here if chart is not observable)

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

Italy Works Over 20% More Hours Than Germany and France

Posted on December 12, 2011 by macromon

The stereotype of lazy southern Europe and the hard working North is just not reflected in the data.   We came across this BLS data set over the weekend which was very enlightening and, in part, smashes this widely held generalization. … Continue reading →

Posted in Black Swan Watch, Employment, Euro, Sovereign Debt, Sovereign Risk | Tagged , , , , | 5 Comments

Interview: Italian Prime Minister Mario Monti

Posted on December 11, 2011 by macromon

(click here if video is not observable)

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