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 , , | Leave a comment

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 , , , , | Leave a comment

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

Posted in Black Swan Watch, Euro, Fiscal Policy, Global Stock Performance, Monetary Policy, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , , , , | 2 Comments

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

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Time for the IMF and G20 to save Europe?

Provocative FT piece by Barry Eichengreen & Co.  on why the IMF and G20 need to step up and help Europe save the Euro.    The article notes Europe is in a destabilizing feedback loop, The eurozone is caught in a … Continue reading

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

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 , , , , , | 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 , | 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 , , | Leave a comment

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

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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

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