Tag Archives: Sovereign Debt Crisis

A spectre is haunting Europe

This is what’s  going to blow up the Europe.   All the cash and backstopping in the world is not going to solve the political problem.   Jim Corr, a member of one of our favorite Irish bands, The Corrs,  nails … Continue reading

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

Merkel Warned EU Germany Could Leave the Euro

The slow motion fracturing of the Eurozone continues as revelations surfaced that German chancellor, Angela Merkel warned the EU her country could abandon the euro.  The Guradian reports the threat took place at the EU Summit in Brussels at the … Continue reading

Posted in Black Swan Watch, Bonds, Budget Deficit, Euro, Fiscal Policy, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , , , , | 3 Comments

ECB About to PIIG Out on Bonds. Gold to the Moon.

Just a few short weeks after German Finance Minister Wolfgang Schaeuble criticized U.S. monetary policy with his “with all due respect, U.S. policy is clueless” statement, the FT reports the ECB is contemplating expanding its sovereign bond purchase program.  That … Continue reading

Posted in Black Swan Watch, Bonds, Currency, Euro, Fiscal Policy, Gold, PIIGS, Policy, Politics, Sovereign Debt, Sovereign Risk | Tagged , , , , | Leave a comment

Euro Trashed!

Dennis Gartman (click here for video) said today the Euro has “almost terminal problems”and eventually “breaks apart”  into a Northern Euro and Southern Euro.  The currency broke its 200-day moving average against the dollar and looks headed to a very … Continue reading

Posted in Black Swan Watch, Bonds, Currency, Euro, Monetary Policy, Sovereign Risk | Tagged , , , | Leave a comment

Chart of the Day: Banks to Sovereigns to Banks

Great chart from IMF showing feedback loop of Europe’s Sovereign Debt Crisis.  A little busy, but stick with it.

Posted in Black Swan Watch, Bonds, Budget Deficit, Credit, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , | Leave a comment

Run on German Safe Deposit Boxes? WTH?

The implosion of the Eurozone appears to be accelerating. But Germany?  Come on!  Yet Ambrose Evans-Pritchard writes the crisis in the eurozone periphery is moving to the core as credit default swaps for German, French,and Dutch bonds have blown out … Continue reading

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

“Will the next fiscal crisis start in Washington?”

Sheila Bair, chairman of the Federal Deposit Insurance Corp., writes in today’s Washington Post, Even as work continues to repair our financial infrastructure and get the economy moving again, we need urgent action to forestall the next financial crisis. I … Continue reading

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

Is Ireland’s Rescue Package a Veiled Bailout of the ECB?

Not that it needs a one, but some in Ireland are starting to ask the question.   The European Central Bank exposure in Ireland is above €130 BN, a quarter of its book, and now wants its money back.  In the … Continue reading

Posted in Black Swan Watch, Bonds, Fiscal Policy, PIIGS, Policy, Politics, Sovereign Risk | Tagged , , , | Leave a comment