Tag Archives: Euro

European Bank Recapitalization

Posted on December 18, 2011 by macromon

                                                                     Source:   Der Spiegel (click here if chart is not observable)

Posted in Black Swan Watch, Euro, Sovereign Debt, Sovereign Risk | Tagged , , | 3 Comments

Wither Commerzbank

Posted on December 12, 2011 by macromon

As the markets digest the Reuters report Commerzbank is seeking more state aid here’s  an interesting graphic from Der Spiegel.   Where’s that hidden bazooka? (click here if chart is not observable)

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

The Genesis of the Euro

Posted on December 8, 2011 by macromon

(click here if video is not observable)

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

Curbing Our Enthusiasm, Increasing Our Bet…

Posted on December 7, 2011 by macromon

Moving closer to the EU Summit we are are curbing our enthusiasm and expectations of the substance of the deal but increasing our bet that it will be just enough to unleash the balance sheet of the ECB to backstop … Continue reading →

Posted in Black Swan Watch, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , , , | 3 Comments

The Four Horsemen of the Europocalypse

Posted on December 2, 2011 by macromon

Great ‘toon from the  Economist which we hope motivates the Eurocrats to get something done.   The U.S., U.K, and Japan should not be so smug and take warning as the Four Horsemen of the debt apocalypse will be coming their … Continue reading →

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

Patriotic Italians urged to buy bonds

Posted on November 28, 2011 by macromon

(click here if video is not observable)

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

The Future of the Euro

Posted on November 27, 2011 by macromon

(click here if chart is not observable)             Source: Gavyn Davies,  FT

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

‘Germans fed up with Eurobondage’

Posted on November 25, 2011 by macromon

(copy if video is not observable)

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

Economist: Is this really the end?

Posted on November 25, 2011 by macromon

The Economist warns in their latest cover piece  “Unless German and the ECB move quickly, the single currency’s collapse is looming.”    We are beginning to think, based on last week’s failed German bond auction,  that if “Germany and ECB moves … Continue reading →

Posted in Black Swan Watch, Euro, Sovereign Debt, Sovereign Risk, State and Local Government | Tagged , , | Leave a comment

Did Expectations of Debt Monetization Cause Today’s German Bund Auction to Fail?

Posted on November 23, 2011 by macromon

Let’s try this again. In our post, The Biggest Bubble in History, we tried to convey that a monetization of Europe’s  sovereign debt is not equivalent to the quantitative easing that  has taken place in the U.S. , Japan, and … Continue reading →

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