Tag Archives: Euro

Week in Review: Euro Contagion and Greek Rollovers

Posted on June 26, 2011 by macromon

Short and sweet commentary tonight as last week really didn’t resolve much.  The S&P500 met tough resistance and was rejected twice at the 1298-99 level.  Though the index made a higher low and higher high, it closed Friday just a … Continue reading →

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The Weekend Read: Greek Week

Posted on June 24, 2011 by macromon

Everything depends on computers these days: the energy supply, airplanes, trains. I’m worried that the Net will soon become a war zone, a platform for professional attacks on critical infrastructure. – Evgeny Kaspersky,  anti-virus expert Bonds Munis Dithering in Wake … Continue reading →

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Global Trend Indicators

Posted on June 19, 2011 by macromon

(click here if tables are not observable)

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The Weekend Read: Judgement Day

Posted on May 20, 2011 by macromon

Five months ago, a government change in Spain’s Catalonia region revealed a budget deficit more than twice as big as previously reported. Now, a growing chorus of economists, local politicians and business leaders say that new governments are likely to … Continue reading →

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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 →

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Chart of the Day: Europe’s Runaway Sovereign Debt

Posted on May 17, 2011 by macromon

Great chart from the Der Spiegel website:

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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 →

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The Weekend Read: Commodity Flop

Posted on May 6, 2011 by macromon

On How Academic Economists Missed the Crisis I was shocked by how large a panic was produced by what seemed to me – and still does – relatively small losses (in terms of the size of the global economy) in … Continue reading →

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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 →

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Stronger Euro Will Slaughter the PIIGS

Posted on March 22, 2011 by macromon

The Euro keeps moving higher on expectations of an ECB interest rate hike and what is beginning to appear almost terminal dollar weakness.   The export destination mix of  Ireland, for example, is around 60 percent to the EU 27  and … Continue reading →

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