Tag Archives: Sovereign Debt Crisis

EU ready to ease Spain’s deficit pain

(click here if video is not observable)

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

Greece Debt Swap Surprises, Great Deal for the Country

The FT is reporting, The largest debt restructuring in history was heading for a successful outcome last night as Greece looked set to see a participation rate of close to 95 per cent for its €206bn bond exchange. One person … Continue reading

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

Germany’s fiscal solidarity plan for EU approved

Domestic political blowback to follow.  Stay tuned. (click here if video is not observable)

Posted in Black Swan Watch, Euro, Eurozone Sovereign Spreads, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , | 2 Comments

European Bank Recapitalization

                                                                     Source:   Der Spiegel (click here if chart is not observable)

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

The Pain in Spain

Our friends and former colleagues over at Macro Synergy Partners, a London based hedge fund, which is performing well this year,  really nails it on Spain.  Note this was written before the recent blowout in spreads. Spanish policy makers made … Continue reading

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Europe’s Bank Problem

Another informative chart from the IMF showing the fundamental problem in Europe’s banking system –  excessive leverage and dependence on wholesale funding.  Add to that  overexposure to highly indebted sovereigns with deteriorating credit fundamentals.    It also illustrates why the German … Continue reading

Posted in Black Swan Watch, Euro, Global Stock Performance, Global Trend Indicators, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , | 3 Comments

What’s Up With Micron (MU)?

The price and volume, that’s what’s up, and not insignificantly.   We are in and out of this stock and it really caught our eye on Friday as the market was down big,  MU was up almost 2 percent with volume … Continue reading

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Euro Fracture: Greek Restructuring? – German FinMin

German Finance Minister Wolfgang Schaeuble raised the specter of a Greece restructuring in an interview with German newspaper Die Welt.   Yields on Greek 10-year bonds jumped to 13.26 percent and the two-year note yield surged 103 basis points to 17.96 … Continue reading

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The Week in Review: BRICs to FRICs?

Vive la France! Who would of “thunk” it? The French CAC outperforming India by 13 percent in the first three weeks of the year? Will Goldie’s Jim O’Neill now replace Brazil with France in the BRIC countries and rename the … Continue reading

Posted in Budget Deficit, Charts, China, Crude Oil, Economics, Equities, Gold, Monetary Policy, Sovereign Debt, Week in Review | Tagged , , , , , | Leave a comment

European Commission: The U.S. is Worse

Here is a European Commission chart that appeared in the online version of Der Spiegel.  It could be a decoy to deflect the markets attention off Europe and push back to what they may perceive as America’s wallowing in schadenfreude … Continue reading

Posted in Black Swan Watch, Fiscal Policy, Sovereign Debt, Sovereign Risk, Uncategorized | Tagged , , , | Leave a comment