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Tag Archives: European Debt Crisis
Sarkozy: Europe “morally obliged” to help Greece
(click here if video is not observable)
Posted in Black Swan Watch, Bonds, Budget Deficit, PIIGS, Sovereign Debt, Sovereign Risk, Video
Tagged European Debt Crisis, Greece, Sarkozy
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Unfinished Business
The markets’ beating and rally into the close has the bottom callers out in force claiming the lows have held. We’re not so sure. The three macro legs of the market stool (no pun intended) are still wobbly with the … Continue reading
Posted in Black Swan Watch, Charts, Equities, Sovereign Debt, Sovereign Risk
Tagged Asian Growth, European Debt Crisis, S&P500, U.S. Economy, U.S. Politics
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The Current State of the Market in a Sea of Volatility
The picture below really captures the volatility of the current market and how traders must remain detached like the Coast Guard cutter closely monitoring how the ship (market) is listing. When too many are standing on one side of the … Continue reading
European Leaders Take the Fork in the Road
Good piece in the Economist, Europe’s debt crisis: Fudge, the final frontier, summing up the crisis in the Eurozone. Even a little history lesson, SEPTEMBER is a cruel month in international monetary history, when regimes that once seemed inviolate … Continue reading
Posted in Black Swan Watch, Bonds, Euro, PIIGS, Sovereign Debt, Sovereign Risk
Tagged Euro, European Debt Crisis
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Just Another Panic Monday in Euroland
Buckle up. (click here if charts is not observable)
Posted in Black Swan Watch, Equities, Euro, Sovereign Debt, Sovereign Risk
Tagged Deutsche Bank, Euro, European Banks, European Debt Crisis, Panic Monday, SocGen
1 Comment
Greece’s Brady Plan, Finally
The International Institute of Finance, a consortium of the largest global banks, just released a term sheet for a Brady-type Plan for Greece. The menu of options include Par and Discount Bonds, with principal collateral, and a buyback option. The … Continue reading
Posted in Euro, PIIGS, Sovereign Debt, Sovereign Risk
Tagged European Debt Crisis, Greece Brady Plan
1 Comment
Quote of the Day: Brussels, We Have a Problem
According to current banking regulations, sovereign credits are considered “risk-free.” This means that banks can take on as much sovereign credit risk as they like without setting aside any capital. Under such a structure, selling short CDS protection is akin … Continue reading
Posted in PIIGS, Policy, Quote of the Day, Sovereign Debt, Sovereign Risk
Tagged David Einhorn, Europe's Banks, European Debt Crisis
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Week in Review: Tremors of a Major “Euroquake”
Not much to say as the employment numbers dumped cold water on the equity rally. The markets, especially Apple, did show some impressive resilience on Friday, but we’re still maintaining equities are at the top end of their range. … Continue reading
Posted in Week in Review
Tagged Commodities, European Debt Crisis, Global Equities, Gold
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The Weekend Read: Reality Meets Perception
Higher energy and food prices are crowding out consumer demand for other items, and the market consensus is that QE2 has proven to be counter-productive. Unable to concede this, Mr. Bernanke nonetheless seems determined to have it both ways, remarking … Continue reading
Posted in The Weekend Read, Uncategorized
Tagged Apple, bonds, European Debt Crisis, Gold, Greece, Stocks
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