Tag Archives: Italy

Mr. (Bond) Market Prepares to Take Down Silvio

Posted on November 7, 2011 by macromon

Remember the 1997 Asian Financial Crisis?   The bond and currency markets took down Indonesia’s Suharto regime, which survived three decades of student protests, attempted coups, and external pressure.   What tanks couldn’t do, markets did. With G-Pap now gone Club Med … Continue reading →

Posted in Black Swan Watch, Bonds, Euro, Geopolitical, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , , | 2 Comments

Berlusconi fading

Posted on November 4, 2011 by macromon

Gone by Monday? (click here if video is not observable)

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

Euro Fracture: “Matters are turning serious” in Italy

Posted on October 31, 2011 by macromon

It you’re looking for some Euro gloom, go no further than Ambrose Evans-Pritchard’s latest, Italy, Europe, and Red Brigade terror.   He writes that Italy risks an outbreak of terrorism if the labor market reform is rushed as the EU … Continue reading →

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

Italians Protest Austerity

Posted on October 9, 2011 by macromon

(click here if video is not observable)

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

Italy and Spain Downgraded by Fitch

Posted on October 7, 2011 by macromon

The ratings agencies are a complete joke, the last to the party, and usually a contrarian signal, but the Fitch downgrade did cause some market volatility today.   What concerns us more is that Moody’s has put Belgium on watch for … Continue reading →

Posted in Black Swan Watch, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , , | 1 Comment

Why Moody’s cut Italy’s credit rating

Posted on October 5, 2011 by macromon

(click here if chart is not observable)

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

Spain and Italy Services PMI Continue to Contract

Posted on October 5, 2011 by macromon

(click here if chart is not observable)

Posted in Economics, Employment, Euro, PIIGS | Tagged , , , , | Leave a comment

La Grande Divergence

Posted on September 26, 2011 by macromon

Great chart of eurozone sovereign 10-year yields from Desmond Lachman of the American Enterprise Institute.  We made a decent living off the “great convergence trade” of the 1990’s, where yields of the eurozone sovereigns collapsed on top of each other.  … Continue reading →

Posted in Black Swan Watch, Bonds, Budget Deficit, Euro, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , , , , | 1 Comment

Italy Reeling After Downgrade

Posted on September 20, 2011 by macromon

(click here if video is not observable)

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

Why Italy Matters

Posted on September 19, 2011 by macromon

Standard and Poor’s  just announced they’ve downgraded Italy’s credit rating to A from A+, with a negative outlook.   Italy is the camel that will break Europe’s back if they can’t contain the crisis to the smaller countries of the periphery.  … Continue reading →

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