Category Archives: Sovereign Debt

Quote of the Day: Sarkozy’s Warning

Posted on October 20, 2011 by macromon

If there isn’t a solution by Sunday, everything is going to collapse – French president Nicolas Sarkozy

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

China’s U.S. Debt Holdings

Posted on October 19, 2011 by macromon

                     (click here if chart is not observable)

Posted in Charts, China, Sovereign Debt | Tagged , , | Leave a comment

U.S. Public Debt: Going Greek

Posted on October 18, 2011 by macromon

Here is one chart that may be used in our grandchildren’s economic and political history classes.   The current debt service burden on the national debt (as % of GDP) is as low as it has been in last thirty years.  … Continue reading →

Posted in Black Swan Watch, Bonds, Economics, Sovereign Debt, Sovereign Risk | Tagged , , , | 6 Comments

NY Times: Greek government’s $38,000 bills for office curtains

Posted on October 17, 2011 by macromon

Today’s NY Times piece on the failure of Greece to cut its bureaucracy is a must read for anyone trying to understand one of the major forces driving global markets.   It also gives context to why Germany and other core … Continue reading →

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

Germany dampens euro zone crisis hopes

Posted on October 17, 2011 by macromon

(click here if video is not observable)

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

Belgium Waffles w/ Irish Coffee = No Free Brunch

Posted on October 17, 2011 by macromon

Over the weekend we posted a chart illustrating how French bond yields are blowing out.  Zero Hedge posted the following chart today illustrating the Belgium – German yield spread has just hit a new high.  ZH has been spot on … Continue reading →

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

Spooky Chart: French with an Irish Brogue

Posted on October 15, 2011 by macromon

Here is the one chart via Reuters that scares us most.   French bond yields relative to 10-year German bonds have been spiking.  The market seems concerned that a large commitment by France to backstop or recapitalize its banking system could … Continue reading →

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

Euro Banks Under Pressure on Greek Holdings

Posted on October 14, 2011 by macromon

(click here if chart is not observable)

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

Europe’s Other Bank Problem

Posted on October 13, 2011 by macromon

One would think the following chart has a data error.   Not so. Europe is way over banked and the chart illustrates the monumental task and cost of recapitalizing some of their largest banks.  The size of the largest four banking … Continue reading →

Posted in Charts, Euro, Sovereign Debt, Sovereign Risk | Tagged , , | 1 Comment

Barroso presents bank recapitalisation plan

Posted on October 12, 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