Category Archives: Sovereign Debt

Just Another Panic Monday in Euroland

Posted on September 5, 2011 by macromon

Buckle up. (click here if charts is not observable)

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

Greece: Where “Tax Evasion is a National Sport”

Posted on September 5, 2011 by macromon

(click here if video is not observable)

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

Quote of the Day: Amen!

Posted on September 1, 2011 by macromon

“Just consider what levels of debt we are passing on to future generations.  This isn’t responsible, politically, morally or ethically.” – Juergen Stark, ECB

Posted in Fiscal Policy, Quote of the Day, Sovereign Debt | Tagged , , | Leave a comment

Week in Review: Hurricane “I-Lean” Lifts Markets

Posted on August 28, 2011 by macromon

Short and sweet tonight.   Even turkeys can fly in hurricane “I-Lean The Wrong Way.” Reports that hedge funds, with almost no tolerance for short-term pain, have opened the biggest net short positions since early 2008  has driven a relatively low … Continue reading →

Posted in Sovereign Debt, Sovereign Risk, Uncategorized, Week in Review | Tagged , , , , , , , | 1 Comment

Greece is the Word

Posted on August 26, 2011 by macromon

The Greeks are starting to play hardball on their private sector debt swap warning the deal could crater if the 90 percent participation is not met.  We think there are other reasons why it is trouble. According to various news … Continue reading →

Posted in Black Swan Watch, PIIGS, Politics, Sovereign Debt, Sovereign Risk | Tagged , , , , | 3 Comments

Spiegel Unloads on Hedge Funds and the Markets

Posted on August 23, 2011 by macromon

Nasty article in Der Spiegel, Out of Control: The Destructive Power of the Financial Markets, which helps explain what’s behind the financial transactions tax that was recently introduced by Angela Merkel  and Nicolas Sarkozy.  The article opens, The enemy looks … Continue reading →

Posted in Black Swan Watch, Economics, Euro, Fiscal Policy, General Interest, PIIGS, Policy, Sovereign Debt, Sovereign Risk | Tagged , , , | 1 Comment

Seriously? Swissie a Safe Haven During a Banking Crisis?

Posted on August 18, 2011 by macromon

Here’s in an interesting chart, originally posted over at Zero Hedge, that makes us wonder do we really want to be long the Swiss franc during a European banking crisis?   Note the chart may be a little dated, but we … Continue reading →

Posted in Black Swan Watch, Currency, Sovereign Debt, Sovereign Risk | Tagged , , | 3 Comments

This Market Sucks – Going Fishin’

Posted on August 17, 2011 by macromon

Fug this market.  Nothing is working.   You get long and lose money.  You get short and lose money.  You get flat and you lose purchasing power as the dollar melts and commodity staples rise.   These are the kind of markets … Continue reading →

Posted in Black Swan Watch, Commodities, Crude Oil, Economics, Gold, Sovereign Debt, Sovereign Risk | Tagged , , , , | 2 Comments

Is It Déjà Vu All Over Again?

Posted on August 15, 2011 by macromon

Great ‘toon on the 1932 banking crisis, dated May 24, 1932,  posted over at the Worthwhile Canadian Initiative blog.  See our post, Credit-Anstalt 2.0?. The caption reads: “Phew! That’s A Nasty Leak.  Thank Goodness It’s Not At Our End of the Boat.”  … Continue reading →

Posted in Black Swan Watch, Cartoon of the Day, Euro, Sovereign Debt, Sovereign Risk | Tagged , | Leave a comment

Credit-Anstalt 2.0?

Posted on August 12, 2011 by macromon

If there is any doubt what is spooking the global markets look to the IFR piece, Credit taps run dry for European lenders, setting scene for liquidity crisis.   This is a must read over the weekend. Remember,  Chairman Bernanke, … Continue reading →

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