Tag Archives: European Debt Crisis

Quote of the Day: Euro Debt Crisis

Posted on January 27, 2011 by macromon

“Europe is testing the limits of reactive incremental strategy … The laws of economics, like the laws of physics, do not respect political constraints.”  – Larry Summers at the World Economic Forum

Posted in Black Swan Watch, Quote of the Day, Sovereign Debt, Sovereign Risk | Tagged , | Leave a comment

The [First] Week in Review: A Capital Flows Sandwich?

Posted on January 7, 2011 by macromon

Not a bad start to the year if you were in the right space.  A Frenchman with a long position in “Apple the Sovereign” was up over 8 percent in Euros.   Note, Apple rose another $2.00 to $338 after Friday’s … Continue reading →

Posted in Apple, Bonds, Charts, China, Commodities, Currency, Economics, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , , , , , , | Leave a comment

It’s Official! Western Europe Now An Emerging Market

Posted on January 6, 2011 by macromon

The Markit SovX CEEMEA CDS index has traded through the SovX Western Europe CDS index for the first time.   Just a little over a decade ago, some of these countries in the CEEMEA were either: 1)  in hyperinflation; 2)  in … Continue reading →

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

Euro Fracture: Germany’s House Party Revolt

Posted on December 15, 2010 by macromon

Go no further than the chart below to understand the resentment and anger among the German taxpayers who are being asked to clean-up the “House Party” of fellow EU members.   The chart shows the housing bubbles of Ireland and Spain … Continue reading →

Posted in Black Swan Watch, Bonds, Budget Deficit, Economics, Euro, Fiscal Policy, Sovereign Debt, Sovereign Risk, Video | Tagged , , , , | Leave a comment

ECB About to PIIG Out on Bonds. Gold to the Moon.

Posted on November 30, 2010 by macromon

Just a few short weeks after German Finance Minister Wolfgang Schaeuble criticized U.S. monetary policy with his “with all due respect, U.S. policy is clueless” statement, the FT reports the ECB is contemplating expanding its sovereign bond purchase program.  That … Continue reading →

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