Tag Archives: Euro

Merkel Warned EU Germany Could Leave the Euro

The slow motion fracturing of the Eurozone continues as revelations surfaced that German chancellor, Angela Merkel warned the EU her country could abandon the euro.  The Guradian reports the threat took place at the EU Summit in Brussels at the … Continue reading

Posted in Black Swan Watch, Bonds, Budget Deficit, Euro, Fiscal Policy, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , , , , | 3 Comments

The Christmas Ramp

Here’s a look at the YTD performance of U.S. stocks.  December is shaping up for a year-end ramp as many dedicated funds are under allocated and under performing their benchmarks in a big way.  The S&P500 held its 50-day moving … Continue reading

Posted in Equities | Tagged , , , | 1 Comment

Chart of the Day: Euro’s Dead Cat Bounce

Our Chart of the Day is the Dead Cat Bounce in the Euro.  The currency rallied on rumors of massive QE by the ECB to support the bonds of the PIIGS?  Come on!  QE of such size would drive the … Continue reading

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

Where is Gold Headed?

In 1996, we visited the Bulgarian central bank at a time when the country was experiencing economic turmoil and a loss of confidence that the government could rollover its maturing debt.  After a long discussion on the domestic economy and … Continue reading

Posted in Black Swan Watch, Commodities, Currency, Euro, Fiscal Policy, Gold, PIIGS, Policy, Politics, Sovereign Debt, Sovereign Risk | Tagged , , , , , , , | 1 Comment

Euro Trashed!

Dennis Gartman (click here for video) said today the Euro has “almost terminal problems”and eventually “breaks apart”  into a Northern Euro and Southern Euro.  The currency broke its 200-day moving average against the dollar and looks headed to a very … Continue reading

Posted in Black Swan Watch, Bonds, Currency, Euro, Monetary Policy, Sovereign Risk | Tagged , , , | Leave a comment

Run on German Safe Deposit Boxes? WTH?

The implosion of the Eurozone appears to be accelerating. But Germany?  Come on!  Yet Ambrose Evans-Pritchard writes the crisis in the eurozone periphery is moving to the core as credit default swaps for German, French,and Dutch bonds have blown out … Continue reading

Posted in Black Swan Watch, Bonds, Budget Deficit, Fiscal Policy, Geopolitical, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , , , | Leave a comment

All Things Correlated: Stunning Aussie$/S&P 500 Relationship

A good friend in Singapore, who is one smart dude, and former head of Goldman Sachs’ Asia asset management, pointed out the S&P500 trades almost tick for tick with the Euro and the Aussie currencies.    This is reflected in the … Continue reading

Posted in Currency, Equities | Tagged , , , | 13 Comments

Breakup of the Euro isn’t unthinkable – Peer Steinbrueck

Peer Steinbrueck, who served as finance minister under Angela Merkel from 2005 to 2009, has published, Unterm Strich (“On Balance”), his insider view of the financial crisis. It looks to be a fascinating read.  Bloomberg has a great first look: … Continue reading

Posted in Black Swan Watch, Bonds, China, Credit, Geopolitical, Monetary Policy, Policy, Sovereign Risk | Tagged , , , , | Leave a comment