Category Archives: PIIGS

60 Minutes: Europe’s Debt Crisis

Posted on April 8, 2012 by macromon

CBS’ 60 minutes aired this report tonight. Well worth your time. When the tide goes away you see those who do not have a swimming costume on.   And that was the case in Europe – Christine Lagarde (click here if … Continue reading →

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

Rajoy seeks to calm investor nerves in Spain

Posted on April 2, 2012 by macromon

(click here if video is not observable)

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Greece’s Human Capital Flight

Posted on April 1, 2012 by macromon

(click here if video is not observable)

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

Real Pain in Greece

Posted on March 31, 2012 by macromon

This chart of Greece retail sales comes to us from Reuters via the Zahari blog in Athens.   It encapsulates the economic collapse that is taking place in Greece.  We seriously doubt the U.S. or most of the core of Europe … Continue reading →

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

Real Pain in Spain

Posted on March 29, 2012 by macromon

Youth unemployment (<25 years) running at 50 percent!   The stuff the “clash of generations” is made of.  It’s starting to feel the world is about three sparks away. (click here if video is observable)

Posted in Black Swan Watch, Euro, Eurozone Sovereign Spreads, Fiscal Policy, PIIGS | Tagged , , , , | Leave a comment

Real Pain in the Eurozone

Posted on March 28, 2012 by macromon

(click here if video is not observable)

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Spain’s People Party Takes Hit Before Austerity Budget

Posted on March 26, 2012 by macromon

From Euronews, Spain’s ruling centre-right People’s Party has been dealt a blow ahead of launching a new austerity budget on Friday. Despite being tipped to win, it has failed to secure an outright majority in the Andalucian regional election. The … Continue reading →

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Hugh Hendry’s ‘Greatest Hits’

Posted on March 24, 2012 by macromon

Now for some weekend entertainment. Hugh Hendry is one of our favorite hedge fund managers and OSD — one smart dude.  Watch how H-squared gives facials to the academics in the video, especially Jeffrey Sachs.  Stiglitz was soooo wrong on … Continue reading →

Posted in Black Swan Watch, PIIGS, Policy, Politics, Whales | Tagged , , , | 2 Comments

Stratfor: Threats to Europe’s Austerity Coalition

Posted on March 23, 2012 by macromon

(click here if video is not observable)

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

Picture of the Day: Spain’s Real Estate Bust

Posted on March 23, 2012 by macromon

Apartment blocks in Sesena in the Toledo Provence near Madrid, Spain, seen on February 9, 2012. Only a 45-minute drive from downtown Madrid, towering vacant apartment blocks loom over empty streets and weed-filled lots. Apartments galore are for sale and … Continue reading →

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