Category Archives: Sovereign Risk

Worldwide Debt

Posted on February 14, 2012 by macromon

Shocking chart from Jeffery Gundlach’s  “Fall of the Roman Empire” presentation. Looks like the global central banks’ balance sheet expansion is only in the first inning.   Not by choice but by necessity. Freakin’ stunning! Click on chart to enlarge … Continue reading →

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

Athens traders count the cost of anti-austerity riots

Posted on February 13, 2012 by macromon

(click here if video is not observable)

Posted in Euro, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , , | 2 Comments

Greece ruling coalition members quit over austerity plan

Posted on February 10, 2012 by macromon

(click here if video is not observable)

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

Euro Fracture: “Mutual Resentment” Increasing

Posted on February 9, 2012 by macromon

Italy’s Prime Minister Mario Monti says the eurozone crisis has revived “old phantoms about prejudices” in North and South Europe.   – PBS Newshour (click here if video is not observable)

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

Greek Debt

Posted on February 8, 2012 by macromon

(click here if debt is not observable)

Posted in PIIGS, Sovereign Debt, Sovereign Risk | Tagged , | 1 Comment

2012: Sovereign Risk Compression

Posted on February 7, 2012 by macromon

Great data from Bespoke.  Looks like Portugal is the odd man out as the only government in which its CDS spreads have widened this year. (click here if table is not observable)

Posted in Sovereign Debt, Sovereign Risk | Tagged , , , | 2 Comments

Gold Rebounds as Bernanke Confirms Easy Money

Posted on February 7, 2012 by macromon

In his testimony at the Senate Budget committee this morning,   Fed Chairman Ben Bernanke,  resisted the temptation to day trade monetary policy on the back of Friday’s good employment data.   Our sense is the global printing press’ and zero interest … Continue reading →

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

Berlin and Paris frustrated as Greeks delay bailout talks

Posted on February 6, 2012 by macromon

(click here if video is not observable)

Posted in Euro, Eurozone Sovereign Spreads, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , | 1 Comment

China to Europe’s Rescue?

Posted on February 2, 2012 by macromon

(click here if video is not observable)

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

Capitano Crunch: Europe’s Collapsing Monetary Aggregates

Posted on January 30, 2012 by macromon

Here are some great pictures from Credit Suisse illustrating what’s happening in the European monetary sector.  The monetary aggregates have been collapsing at a greater pace than 2008/09  as banks have been cutting credit and shrinking their balance sheets to … Continue reading →

Posted in Black Swan Watch, Credit, Euro, Monetary Policy, Policy, Sovereign Risk, State and Local Government | Tagged , , , | 4 Comments