Category Archives: Sovereign Debt

Markets Want More FED “Crack” – Harry Dent

Posted on April 4, 2012 by macromon

Harry Dent does a pretty good job in ‘splaining today’s risk sell-off, in our opinion. We’re beginning to sense, however, the markets are awakening to the fact the U.S. government is going to have a funding problem. As the world … Continue reading →

Posted in Black Swan Watch, Budget Deficit, Gold, Japan, Monetary Policy, Sovereign Debt, Sovereign Risk | Tagged , , , , , , | Leave a comment

Rajoy seeks to calm investor nerves in Spain

Posted on April 2, 2012 by macromon

(click here if video is not observable)

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

Greece’s Human Capital Flight

Posted on April 1, 2012 by macromon

(click here if video is not observable)

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

Real Pain in Greece

Posted on March 31, 2012 by macromon

This chart of Greece retail sales comes to us from Reuters via the Zahari blog in Athens.   It encapsulates the economic collapse that is taking place in Greece.  We seriously doubt the U.S. or most of the core of Europe … Continue reading →

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

Spain’s People Party Takes Hit Before Austerity Budget

Posted on March 26, 2012 by macromon

From Euronews, Spain’s ruling centre-right People’s Party has been dealt a blow ahead of launching a new austerity budget on Friday. Despite being tipped to win, it has failed to secure an outright majority in the Andalucian regional election. The … Continue reading →

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Stratfor: Threats to Europe’s Austerity Coalition

Posted on March 23, 2012 by macromon

(click here if video is not observable)

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

Picture of the Day: Spain’s Real Estate Bust

Posted on March 23, 2012 by macromon

Apartment blocks in Sesena in the Toledo Provence near Madrid, Spain, seen on February 9, 2012. Only a 45-minute drive from downtown Madrid, towering vacant apartment blocks loom over empty streets and weed-filled lots. Apartments galore are for sale and … Continue reading →

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

Debt and the New World Order

Posted on March 21, 2012 by macromon

The IMF does a good job interviewing Phillip Coggan, the columnist for the Economist, on his new book,  Paper Promises: Debt, Money, and the New World Order.  Good stuff! DEBT AND REFORM Debt Can Reshape Current Economic, Political Order—Coggan IMF … Continue reading →

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

Is the Bond Market’s Arab Spring Upon Us?

Posted on March 14, 2012 by macromon

Ugly action in bonds over the past few days. In last month’s post,  Is the Fed ready for the bond market’s Arab Spring?, we suspected the Fed needed more ammo to continue their repression of long-term rates.   Yesterday Mr. Bernanke … Continue reading →

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

Euro Fracture: Cradle of Civilization Headed for Revolution?

Posted on March 13, 2012 by macromon

Interesting interview with British MEP, Paul Nuttal.    He worries about political instability spreading in the Eurozone and raises the notion of a harder euro for the northern countries. We believe the best case, at the end of the day,  … Continue reading →

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