Tag Archives: Black Swan Watch

Swan Lake – June 11

We are not discussing any proposal to exit the euro. The government is determined to avoid the materialisation of market conditions that push us towards an exit in any way.  –  Giovanni Tria,  Italian finance minister, June 11 Italian and Euro … Continue reading

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Chart of the Day: T-Bill Yields

Somebody’s selling.  That is a big move in a big market.   The “freight from safety” trade on fears of credit downgrade may just be enough to light a fire under the arse of the politicos.  We had a huge capital … Continue reading

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