Category Archives: Sovereign Debt

Chart of the Day: Greek Parliament

Posted on June 27, 2011 by macromon

(click here if chart is not observable)

Posted in Chart of the Day, PIIGS, Sovereign Debt, Sovereign Risk | Tagged | 1 Comment

Question of the Day

Posted on June 21, 2011 by macromon

Market’s are priced for a G-Pap vote of confidence and will most likely celebrate with a relief rally.  But the 12 billion euro question is can G-Pap win over the Greek street?   If you believe it, run, don’t walk to … Continue reading →

Posted in Black Swan Watch, Sovereign Debt, Sovereign Risk, State and Local Government | Tagged , | Leave a comment

Debt and Leverage in Advanced Economies

Posted on June 20, 2011 by macromon

The following is one of the most comprehensive snapshots of relative debt and leverage in the major advanced economies.   The source of the table is the IMF’s Global Financial Stability Report (page 11). We find interesting that U.S. debt held … Continue reading →

Posted in Bonds, Budget Deficit, Charts, Economics, Sovereign Debt, Sovereign Risk | Tagged , , , , , | 3 Comments

U.S. Macro in Three Charts: Credit Flows

Posted on June 13, 2011 by macromon

The U.S. is suffering from insufficient aggregate demand the result of the bursting of the 2004-07 credit bubble.   The consumer led economy financed by borrowing, much of it backed by home equity,  has given way to massive private sector deleveraging … Continue reading →

Posted in Economics, Fiscal Policy, Monetary Policy, Sovereign Debt, State and Local Government | Tagged , , , | 3 Comments

The Great QE2 Flush Out

Posted on June 10, 2011 by macromon

We’ve updated our Treasury flow charts with new data from today’s release of the Federal Reserve’s Flow of Funds Accounts.   The quarterly data are seasonally adjusted and annualized.    They reveal quite an interesting picture. In Q1 2011, the Fed’s … Continue reading →

Posted in Bonds, Budget Deficit, Charts, Dollar, Equities, Monetary Policy, Sovereign Debt | Tagged , , , , | 4 Comments

Chart of the Day: Ownership of U.S. Treasury Debt

Posted on June 9, 2011 by macromon

This is hot from the latest Federal Reserve Flow of Funds data.   Foreigners own 47.1 percent of the $9.4 TN of marketable Treasuries outstanding at the end of Q1 2o11 with the Fed a distant second at 14.2 percent.   We’ll … Continue reading →

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Chart of the Day: U.S. Federal Spending

Posted on May 25, 2011 by macromon

Great chart from Deutsche Bank showing a times series of U.S. Federal spending.  Note the “peace dividend” and decline in defense spending during the 1990’s, which was partially responsible for the Clinton surpluses.  The chart also illustrates where the reform … Continue reading →

Posted in Chart of the Day, Charts, Fiscal Policy, Sovereign Debt, Sovereign Risk | Tagged , | 1 Comment

Chart of the Day: PIIGS Retirement Age and Vacation Days

Posted on May 22, 2011 by macromon

Lots of push back to Angela Merkel’s “lazy Southern Europe” speech.   Here are a few interesting charts refuting the German chancellor’s notions which we found posted on Der Spiegel’s website.    (click here if charts are not observable)

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

Merkel Hammers Greece on Retirement Age and Vacation

Posted on May 19, 2011 by macromon

The European election cycle is kicking into high gear as the German chancellor had some tough words for Greece,  Spain, and Portugal.  Spiegel ONLINE reports, “It is also important that people in countries like Greece, Spain and Portugal are not … Continue reading →

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

The New (La)Garde at the IMF?

Posted on May 19, 2011 by macromon

That’s our bet.    Also check out the WashPost piece, Why Christine Lagarde should run the IMF.    (click here if video is not observable)

Posted in General Interest, PIIGS, Sovereign Debt, Sovereign Risk, Video | Tagged , | 1 Comment