Category Archives: Sovereign Debt

Greece: Trioka Approves New Loan

Posted on October 11, 2011 by macromon

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

Europe’s Stressed Out Banks

Posted on October 10, 2011 by macromon

The Wall Street Journal reports Euro-zone banks’ overnight deposits at the ECB increased again last week “reflecting deepening distrust in interbank lending markets.”  The Journal writes, Overnight deposits Friday rose to €255.57 billion ($341.88 billion), surpassing Thursday’s 2011 high of … Continue reading →

Posted in Black Swan Watch, Credit, Euro, Monetary Policy, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , | 4 Comments

Greece Waits…..

Posted on October 10, 2011 by macromon

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Merkozy: All the right words, no concrete action…

Posted on October 9, 2011 by macromon

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

Italians Protest Austerity

Posted on October 9, 2011 by macromon

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

Italy and Spain Downgraded by Fitch

Posted on October 7, 2011 by macromon

The ratings agencies are a complete joke, the last to the party, and usually a contrarian signal, but the Fitch downgrade did cause some market volatility today.   What concerns us more is that Moody’s has put Belgium on watch for … Continue reading →

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

Angry Greeks

Posted on October 6, 2011 by macromon

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Posted in Black Swan Watch, Policy, Sovereign Debt, Sovereign Risk | Tagged , , | 5 Comments

Europe’s Bank Problem

Posted on October 6, 2011 by macromon

Another informative chart from the IMF showing the fundamental problem in Europe’s banking system –  excessive leverage and dependence on wholesale funding.  Add to that  overexposure to highly indebted sovereigns with deteriorating credit fundamentals.    It also illustrates why the German … Continue reading →

Posted in Black Swan Watch, Euro, Global Stock Performance, Global Trend Indicators, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , | 3 Comments

Why Moody’s cut Italy’s credit rating

Posted on October 5, 2011 by macromon

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