Category Archives: PIIGS

Europeans spooked by spectre of Greek default – Euronews

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The Current State of the Market in a Sea of Volatility

The picture below really captures the volatility of the current market and how traders must remain detached like the Coast Guard cutter closely monitoring how the ship (market) is listing.  When too many are standing on one side of the … Continue reading

Posted in Black Swan Watch, Euro, Fiscal Policy, Global Stock Performance, Monetary Policy, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , , , , | 2 Comments

What’s Up With Micron (MU)?

The price and volume, that’s what’s up, and not insignificantly.   We are in and out of this stock and it really caught our eye on Friday as the market was down big,  MU was up almost 2 percent with volume … Continue reading

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German Finance Minister Prepares for Possible Greek Bankruptcy – Spiegel

These are the headlines at Spiegel Online, which should hit the markets like a ton of bricks offers on Monday.   Looks like Spiegel  posted the teaser to the full story to be released on Monday.    Not a great way … Continue reading

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

‘Euro no good for Greece but zero chance of exit soon’

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European Leaders Take the Fork in the Road

Good piece in the Economist, Europe’s debt crisis: Fudge, the final frontier, summing up the crisis in the Eurozone.   Even a little history lesson, SEPTEMBER is a cruel month in international monetary history, when regimes that once seemed inviolate … Continue reading

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France Approves Greece Bailout

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Chart of the Day: Euro Rescue Pie

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Connect the Carry Trades

Wow! This chart from the Economist looks like one of those elementary school exams where you draw lines to connect the best match.   So, our friends,  a few questions.  Which rates are the result of financial repression, capital flows, and/or … Continue reading

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Time for the IMF and G20 to save Europe?

Provocative FT piece by Barry Eichengreen & Co.  on why the IMF and G20 need to step up and help Europe save the Euro.    The article notes Europe is in a destabilizing feedback loop, The eurozone is caught in a … Continue reading

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