Category Archives: Sovereign Debt

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

Economist: Italy to determine euro’s survival – or destruction

Posted on November 10, 2011 by macromon

When the world’s third-largest bond market begins to buckle, catastrophe looms. At stake is not just the Italian economy but Spain, Portugal, Ireland, the euro, the European Union’s single market, the global banking system, the world economy, and pretty much … Continue reading →

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

How Germany Sees the ECB’s “Bid of Last Resort”…

Posted on November 9, 2011 by macromon

Interesting graphic from Der Spiegel.   Note the title, “An Endless Bond Buy?,”  which speaks volumes on the German position of ECB monetization.   Is a new Europe about to erupt onto the scene? (click here if chart is not observable)

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

The ECB Show

Posted on November 9, 2011 by macromon

It all comes down to this.  Will the ECB provide the exit bid for those fleeing Italian bonds and, more importantly, will their action instill enough confidence to allow Italy to roll over existing maturities?  If it doesn’t bring back … Continue reading →

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

Russia reluctant to help euro zone bailout

Posted on November 7, 2011 by macromon

(click here if video is not observable)

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

SocGen Takes €333 M Hit on Greek Exposure, Increases Loan Loss Reserves to 60%

Posted on November 7, 2011 by macromon

The European banks are finally starting to face reality.   Provisioning against potential losses is the first step toward a comprehensive restructuring and final solution to the European debt crisis.   Taking losses,  suspending dividends, and limiting bonuses are painful for … Continue reading →

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

Mr. (Bond) Market Prepares to Take Down Silvio

Posted on November 7, 2011 by macromon

Remember the 1997 Asian Financial Crisis?   The bond and currency markets took down Indonesia’s Suharto regime, which survived three decades of student protests, attempted coups, and external pressure.   What tanks couldn’t do, markets did. With G-Pap now gone Club Med … Continue reading →

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

Charlie Rose: Lionel Barber Editor of the ‘Financial Times’

Posted on November 4, 2011 by macromon

Excellent interview earlier this week with Lionel Barber, editor of the Financial Times.  They touch on a wide range of relevant topics, including the European Debt Crisis,  Merkozy, lessons from Germany’s industrial policy,  David Cameron, the U.S. Presidential election, Occupy … Continue reading →

Posted in Interviews, Sovereign Debt, Sovereign Risk | Leave a comment

Berlusconi fading

Posted on November 4, 2011 by macromon

Gone by Monday? (click here if video is not observable)

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

Europe’s Tower of Terror

Posted on November 4, 2011 by macromon

The circus continues in Europe.  No big bazooka EFSF coming out of G20 to put a firewall around Greece and save Italy.   Greece is a sideshow and the Italy-Germany bond spread is what you need to watch as an indicator … Continue reading →

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