Category Archives: Sovereign Debt

Nassim Taleb: The Next Black Swan

Posted on March 13, 2012 by macromon

In case you missed Nassim Taleb’s interview on CNBC this morning. He endorsed Ron Paul and is a bit cryptic in his four points, one of which,  that a sovereign debt crisis is coming to the United States.   Rather than … Continue reading →

Posted in Black Swan Watch, Interviews, Policy, Politics, Sovereign Debt, Sovereign Risk | Tagged , , | 2 Comments

Charlie Rose: Christine Lagarde

Posted on March 12, 2012 by macromon

Good interview with the IMF’s Christine Lagarde.  They discuss a wide range of topics, including the Greece debt swap, the two Super Marios of Europe, the “new Italian Renaissance,” and the future of the International Monetary Fund.  Well worth your … Continue reading →

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

Euro Fracture: Italian Workers Rock Monti’s World

Posted on March 9, 2012 by macromon

(click here if video is not observable)

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

The Great Sovereign Debt Enabler: Low Interest Rates

Posted on March 6, 2012 by macromon

(click here if charts are not observable)

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

Iceland’s ex PM: ‘We didn’t know the banks were fishy’

Posted on March 6, 2012 by macromon

The balance sheets of Iceland’s banks were 9x the country’s GDP before the crash.  Stunning! (click here if video is not observable)

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

S&P500: Next Stop 50-day?

Posted on March 6, 2012 by macromon

We posted last week that the S&P500 could go to 1340 and then we’d reconsider our market view.  Interestingly,  today’s low on the cash S&P500 was 1340.03. We also had doubts there were enough sellers to take equities down.   It … Continue reading →

Posted in Energy, Euro, Sovereign Debt, Sovereign Risk | Tagged , | 1 Comment

Why the Yen is swan diving

Posted on March 5, 2012 by macromon

The WSJ does a good explaining what is driving the Yen and seems to agree with us that there is a huge difference between quantitative easing to stimulate the economy versus monetizing bad government debt for which there is no … Continue reading →

Posted in Black Swan Watch, Japan, Monetary Policy, Sovereign Debt | Tagged , , , | 3 Comments

Greek debt swap deadline looms

Posted on March 5, 2012 by macromon

This is one of the biggest risks to the markets. Things could get ugly and if it falls apart due to an abundance of free riders and/or too many vultures holding out for full payment,  head for the bunker.   Stay … Continue reading →

Posted in Black Swan Watch, Hedge Funds, PIIGS, Sovereign Debt, Video | Tagged , , | Leave a comment

EU leaders seek austerity growth balance

Posted on March 1, 2012 by macromon

(click here if video is not observable)

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

Fed’s “Rent Control” Policies Starting to Distort

Posted on March 1, 2012 by macromon

We’ve posted many pieces (see here,  here and here) on how the Fed’s manipulation of the yield curve through QE and Operation Twist is distorting long-term interest rates — the most important price in the world, in our opinion — … Continue reading →

Posted in Black Swan Watch, Bonds, Sovereign Debt, Sovereign Risk | 14 Comments