Category Archives: Sovereign Debt

Buying the Moody Blues…

Posted on September 14, 2011 by macromon

Classic sell the rumor, buy the fact trading action.  Within an hour after Moody’s downgrade of the French banks almost all the major global equity indices have turned up.   S&P futures were down almost 16 points and are now down … Continue reading →

Posted in Black Swan Watch, Global Stock Performance, Global Trend Indicators, Sovereign Debt, Sovereign Risk | Tagged , , | Leave a comment

The Current State of the Market in a Sea of Volatility

Posted on September 13, 2011 by macromon

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

Is the U.S. Becoming Japan?

Posted on September 12, 2011 by macromon

As Treasury bond yields tumble to record lows we’re hearing lots of talk the U.S. is following the economic trajectory of Japan.  Not so fast!   Take a look at the following chart. After 990 days trading days from peaking, … Continue reading →

Posted in Black Swan Watch, Bonds, Budget Deficit, Equities, Fiscal Policy, Global Stock Performance, Sovereign Debt | Tagged , , , , , , | Leave a comment

German Finance Minister Prepares for Possible Greek Bankruptcy – Spiegel

Posted on September 11, 2011 by macromon

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’

Posted on September 10, 2011 by macromon

(click here if video is not observable)

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

European Leaders Take the Fork in the Road

Posted on September 8, 2011 by macromon

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 →

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

France Approves Greece Bailout

Posted on September 7, 2011 by macromon

(click here if video is not available)

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

Chart of the Day: Euro Rescue Pie

Posted on September 7, 2011 by macromon

(click here if chart is not observable)

Posted in Black Swan Watch, Chart of the Day, Charts, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , | Leave a comment

Connect the Carry Trades

Posted on September 7, 2011 by macromon

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?

Posted on September 5, 2011 by macromon

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 →

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