Tag Archives: Greece

Analysis of Greece’s “Trichet Plan” Restructuring

Posted on July 22, 2011 by macromon

We’ve done some quick analysis of Greece’s commercial bank “Trichet Plan” restructuring announced late last night (click here for term sheet) by the Institute of International Finance (IIF).   The IIF is a consortium of the world’s largest banks. Interestingly, the … Continue reading →

Posted in Black Swan Watch, Euro, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , , | 5 Comments

The Weekend Read: Death by Debt

Posted on July 15, 2011 by macromon

“WE HAVE a system of government in which everybody has to give a little bit.” So said Barack Obama at the start of this week. But parse that sentence. Does the president mean that America already has a system in … Continue reading →

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

The Weekend Read: Reality Meets Perception

Posted on July 8, 2011 by macromon

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 , , , , , | Leave a comment

Why Europe Can’t Afford a Greek Haircut

Posted on June 29, 2011 by macromon

If a picture is worth a thousand words, the following chart from the IMF encapsulates all the analysis one needs to understand why Mr. Trichet and the rest of the Eurozone bureaucracy are so adamant about not letting Greece restructure … Continue reading →

Posted in Black Swan Watch, Bonds, Budget Deficit, Charts, Euro, PIIGS, Policy, Politics, Sovereign Debt, Sovereign Risk | Tagged , , , | 4 Comments

The Weekend Read: Greek Week

Posted on June 24, 2011 by macromon

Everything depends on computers these days: the energy supply, airplanes, trains. I’m worried that the Net will soon become a war zone, a platform for professional attacks on critical infrastructure. – Evgeny Kaspersky,  anti-virus expert Bonds Munis Dithering in Wake … Continue reading →

Posted in The Weekend Read | Tagged , , , , , | Leave a comment

Question of the Day

Posted on June 21, 2011 by macromon

Market’s are priced for a G-Pap vote of confidence and will most likely celebrate with a relief rally.  But the 12 billion euro question is can G-Pap win over the Greek street?   If you believe it, run, don’t walk to … Continue reading →

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

McSwan Watch: Soros – China Risks ‘Hard Landing’

Posted on June 15, 2011 by macromon

George Soros was on the tape warning China is losing its grip on inflation.  Bloomberg reports, China has missed its opportunity to stem inflation and may now risk a hard landing, billionaire investor George Soros said. The world’s second-largest economy … Continue reading →

Posted in Black Swan Watch, BRICs, China, Commodities, Crude Oil | Tagged , , , | Leave a comment

The Weekend Read: Blue Collar Blues

Posted on June 4, 2011 by macromon

For much of 2010, the slumping economy was affecting white-collar, highly educated workers almost as much as it was affecting less educated and blue-collar workers. That’s no longer the case. In recent months, the economy has once again been easier … Continue reading →

Posted in The Weekend Read | Tagged , , , , , , | 1 Comment

Week in Review: Hamburger Capital Management

Posted on May 29, 2011 by macromon

The global equity markets continued their poor performance on very low volume.  All the U.S. equity indices were able to capture their 50-day moving average on the low volume end of the week rally.  All, however, made lower highs and … Continue reading →

Posted in Week in Review | Tagged , , , , , , , | Leave a comment

The Weekend Read: Bikini Wax Indicator

Posted on May 27, 2011 by macromon

If you’re getting a bikini wax in Brazil, you’ll likely find that the cost is rising. And if you’re an economic policy maker, you’ll likely see that as a problem, since the bikini wax is one of the items the … Continue reading →

Posted in The Weekend Read | Tagged , , , , , , , | 3 Comments