Category Archives: Euro

Did Expectations of Debt Monetization Cause Today’s German Bund Auction to Fail?

Posted on November 23, 2011 by macromon

Let’s try this again. In our post, The Biggest Bubble in History, we tried to convey that a monetization of Europe’s  sovereign debt is not equivalent to the quantitative easing that  has taken place in the U.S. , Japan, and … Continue reading →

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

Spiegel: Germany’s Finances Not as Sound as Believed

Posted on November 22, 2011 by macromon

This will surprise many.  Der Spiegel reports that Germany’s fiscal management is not as “exemplary” as most perceive. …Last week, the suspicions of international investors reached the stable core of the euro zone. Investors embarked on a massive selloff of … Continue reading →

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

60 Minutes: Christine Lagarde

Posted on November 21, 2011 by macromon

Christine Largarde’s interview with 60 minutes last night was very impressive.  She is a doer and contradicts the stereotypical “meet and discuss” (over nice lunches) do nothing Eurocrat. Not mentioned was that as an exchange student in the U.S. she … Continue reading →

Posted in Economics, Euro, General Interest, Policy, Whales | Tagged , , | Leave a comment

Rajoy’s rise as Spain slumps

Posted on November 20, 2011 by macromon

(click here if video is not observable)

Posted in Black Swan Watch, Bonds, Euro, PIIGS, Sovereign Risk, State and Local Government | Tagged , , , | Leave a comment

Draghi: Where’s the Beef?

Posted on November 18, 2011 by macromon

ECB President, Mario Draghi, gave his first official speech outside the Eurozone’s  central bank and asked EU policymakers “where is the implementation” of past decisions to beef up the EFSF.    The ECB is in a difficult position and has to … Continue reading →

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

Angry Greeks: “EU, IMF Out!”

Posted on November 17, 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

The Consequences of Euro Debt Monetization

Posted on November 17, 2011 by macromon

As the pressure on ECB grows to step up its “bid of last resort” for European sovereign bonds, the folks over at Zero Hedge ask the very important question what are consequences if the ‘zone  resorts to massive debt monetization?    … Continue reading →

Posted in Black Swan Watch, Bonds, Budget Deficit, Dollar, Euro, Sovereign Debt, Sovereign Risk | Tagged , , | 6 Comments

The Biggest Bubble in History?

Posted on November 14, 2011 by macromon

We are baffled by the analysis of the analyst community, some, of which, are not so analytical.  They say that  Europe’s fundamental problem is that it  has a central bank which is unwilling to monetize sizeable debt maturities which bondholders … Continue reading →

Posted in Black Swan Watch, Bonds, BRICs, Budget Deficit, Commodities, Credit, Currency, Euro, Monetary Policy, PIIGS, Sovereign Risk, State and Local Government | Tagged , , , , , , , | 17 Comments

Ominous

Posted on November 14, 2011 by macromon

This shouldn’t be happening after this weekend’s  good political news.  The spread widening is weighing on France who will be on the hook for their banks who are heavily exposed to European sovereigns.  Where are you ECB?          (click here … Continue reading →

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

Enter The Other Super Mario?

Posted on November 11, 2011 by macromon

(click here if video is not observable)

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