Tag Archives: PIIGS

Ireland Bailout Equal to $8.8 trillion US Equivalent

The FT reports the Irish bailout package will total €80bn-€90bn, which is about 60 percent of the country’s $200 BN annual GDP.  Massive!   The FT writes, The bail-out is expected to total €80bn-€90bn and will include contributions from the UK … Continue reading

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Post hoc ergo propter hoc

Correlation = 1)  causality; 2) spurious; or 3) reverse causality?   You decide….. Source: Bond Vigilantes

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Sovereign Debt: Not So Risk-Free

Joseph Cotterill over at FT Aphaville has a great post on how some European corporate bonds are trading through their sovereigns.   Not surprising it taking place in countries without access to a printing press to monetize deficit spending, Markit pointed … Continue reading

Posted in Black Swan Watch, Bonds, Currency, Fiscal Policy, Geopolitical, Monetary Policy, Policy | Tagged , , , | Leave a comment