Tag Archives: Greece

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

German Finance Minister Prepares for Possible Greek Bankruptcy – Spiegel

These are the headlines at Spiegel Online, which should hit the markets like a ton of bricks offers on Monday.   Looks like Spiegel  posted the teaser to the full story to be released on Monday.    Not a great way … Continue reading

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

‘Euro no good for Greece but zero chance of exit soon’

(click here if video is not observable)

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France Approves Greece Bailout

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Greece: Where “Tax Evasion is a National Sport”

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Get Them to the Greek (Writedowns) – IASB

Wow! Just came across this piece from the FT about the concerns of the International Accounting Standards Board  (IASB) of how European financial institutions have not reserved enough against potential credit losses on their Greece sovereign bond holdings.  Are these … Continue reading

Posted in Black Swan Watch, Bonds, PIIGS | Tagged , , , , | 1 Comment

Greece is the Word

The Greeks are starting to play hardball on their private sector debt swap warning the deal could crater if the 90 percent participation is not met.  We think there are other reasons why it is trouble. According to various news … Continue reading

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

Europe’s Destabilizing Feedback Loop

Europe’s sovereign debt crisis and concerns over a global double dip sparked a dash for cash and hammered just about everything, including crude oil, corn, emerging equities, developed equities, and even orange juice.  O.J.?  Down 4 percent today? Did the … Continue reading

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Week in Review: The Realpolitik of Debt

The S&P500 closed Friday near the top of its trading range and just a little more than 1 percent below its  post crash closing high of 1361.22 on the back of some decent earnings — and an Apple blowout — … Continue reading

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The Weekend Read: Europe Gives Birth to the “Trichet Bond”

As explained in the Financing Offer, investors will be offered four new instruments in addition to the opportunity to participate in a debt buyback program to be established by the Greek government in consultation with the official sector. The instruments … Continue reading

Posted in The Weekend Read | Tagged , , , , , | 2 Comments