Category Archives: Sovereign Debt

Quote of the Day: SecTreas Gets It

Posted on May 19, 2011 by macromon

There is no way of knowing how long financial markets will give the American political system to get ahead of this [fiscal/sovereign debt] problem.  But it makes no sense for us to wait until they force action upon us.   … Continue reading →

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The Line on the Next IMF Boss

Posted on May 18, 2011 by macromon

O Armenio, where art thou?   Always thought the IMF has an extreme distaste for hedge funds.   Our bet another WYB (Western Yurp Bureaucrat)  ‘cuz that’s what the IMF is full of. (click here if chart is not available)

Posted in Charts, Economics, Euro, Sovereign Debt, Sovereign Risk | Tagged , , , | 2 Comments

Quote(s) of the Day: Living in (Sur)reality

Posted on May 18, 2011 by macromon

“Greece is solvent” — Juergen Stark,  ECB Chief Economist ¡Defenderé el peso como un perro! – “I will defend the peso like a dog!” – José López Portillo,  President of Mexico 1976-82 Liquid?  Yes.  Solvent?  No, unless Greece is willing … Continue reading →

Posted in Black Swan Watch, Euro, Quote of the Day, Quotes, Sovereign Debt, Sovereign Risk | Tagged , , , | 3 Comments

Chart of the Day: Europe’s Runaway Sovereign Debt

Posted on May 17, 2011 by macromon

Great chart from the Der Spiegel website:

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

Euro Swan Dives; Eichengreen Nails It

Posted on May 11, 2011 by macromon

The Euro is down big again on debt fears/confusion/politics.   Europe needs a plan and we point to Barry Eichengreen’s (our bet for next year’ Nobel Prize)  article posted on Project Syndicate this morning. There is a fear in Europe and … Continue reading →

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

Did Trichet Hear the PIGs Squealing?

Posted on May 5, 2011 by macromon

Wow, what a swan dive!  The Euro fell a rare five handles and 3 percent against the dollar in just twenty-four hours as ECB President,  Jean-Claude Trichet, seemed to back away from his previous hawkish rhetoric at the Bank’s press … Continue reading →

Posted in Black Swan Watch, Bonds, Charts, Commodities, Crude Oil, Currency, Sovereign Debt, Sovereign Risk | Tagged , , , , , , , | 2 Comments

Quote of the Day: Siemens’ McSwan Watch

Posted on May 4, 2011 by macromon

Siemens AG (SIE), Europe’s largest engineering company, reported decent numbers this morning, including strong growth from the emerging markets.   But listen to CEO,  Peter Loescher,  on the conference call this morning.   He is vigilantly monitoring the many macro swans,  including … Continue reading →

Posted in Black Swan Watch, Budget Deficit, Geopolitical, Quote of the Day, Sovereign Debt, Sovereign Risk | Tagged , , , | Leave a comment

A Credible & Comprehensive Plan for Europe’s Debt Crisis

Posted on April 25, 2011 by macromon

The following is the Executive Summary of a longer article that offers up a credible and comprehensive plan for the European Debt Crisis, which deals with the periphery debt overhang  and weak balance sheets of Europe’s commercial banks.  It has … Continue reading →

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

Euro Fracture: Angry Greeks

Posted on April 20, 2011 by macromon

The following article was posted today on SpiegelOnline and reflects the toxic and fractious politics in the Eurozone.   Whether it is the historic turnout for the True Finns on Sunday or the Angry Greeks suing German newspapers,  Europe is, at … Continue reading →

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

Euro Fracture: Foreign Bank Exposure to GIPs

Posted on April 15, 2011 by macromon

Great chart from the Economist of foreign bank exposure to Greece, Ireland, and Portugal (GIP) and explains why “restructuring” is so taboo with European policymakers. The Greek sovereign credit curve is inverted with the 2-year now yielding around 18 percent … Continue reading →

Posted in Euro, Fiscal Policy, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , , , , | 1 Comment