Tag Archives: Sovereign Debt

Sovereign Debt and Geriatric Deadbeats

Posted on July 18, 2011 by macromon

In the spirit of our earlier post, The Clash of Generations, we point you to an interesting piece, Geiatric Deadbeats, written by Ali Alichi of the International Monetary Fund (IMF).   He argues the age of a country’s population is inversely … Continue reading →

Posted in Black Swan Watch, Demographics, PIIGS, Sovereign Debt, Sovereign Risk, State and Local Government | Tagged , , , , , | 4 Comments

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

Debt and Leverage in Advanced Economies

Posted on June 20, 2011 by macromon

The following is one of the most comprehensive snapshots of relative debt and leverage in the major advanced economies.   The source of the table is the IMF’s Global Financial Stability Report (page 11). We find interesting that U.S. debt held … Continue reading →

Posted in Bonds, Budget Deficit, Charts, Economics, Sovereign Debt, Sovereign Risk | Tagged , , , , , | 3 Comments

Did Trichet Hear the PIGs Squealing?

Posted on May 5, 2011 by macromon

Wow, what a swan dive!  The Euro fell a rare five handles and 3 percent against the dollar in just twenty-four hours as ECB President,  Jean-Claude Trichet, seemed to back away from his previous hawkish rhetoric at the Bank’s press … Continue reading →

Posted in Black Swan Watch, Bonds, Charts, Commodities, Crude Oil, Currency, Sovereign Debt, Sovereign Risk | Tagged , , , , , , , | 2 Comments

The Weekend Read

Posted on April 2, 2011 by macromon

Quantitative easing didn’t end deflation. What makes us think fresh bouts of it suddenly will? Japan’s problem isn’t the supply of yen. It’s that investors and households lack enough confidence in the economy to do anything with BOJ-created money. If … Continue reading →

Posted in Week in Review | Tagged , , , | 2 Comments

Chart of the Day: ECB Bond Purchases

Posted on December 6, 2010 by macromon

They’ve only just begun…

Posted in Black Swan Watch, Bonds, Budget Deficit, Charts, Credit, Currency, Economics, Euro, Fiscal Policy, Monetary Policy, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , | Leave a comment

Rogoff on Euro Crisis: “Endgame…a wave of debt writedowns”

Posted on December 2, 2010 by macromon

One of the best pieces we’ve seen on Europe’s debt crisis is Kenneth Rogoff’s, The Euro at Mid-Crisis, posted today over at Project Syndicate.  He doesn’t hold back in criticizing how policymakers, excluding Angela Merkel,  are deluding themselves and in … Continue reading →

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

Ireland Bailout Equal to $8.8 trillion US Equivalent

Posted on November 22, 2010 by macromon

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 →

Posted in Black Swan Watch, Currency, Equities, PIIGS, Politics, Sovereign Risk | Tagged , , , | Leave a comment

Quote of the Day: “Although insolvent, Ireland is still liquid…”

Posted on November 8, 2010 by macromon

Morgan Kelly writes in today’s Irish Times, As a taxpayer, what does a bailout bill of €70 billion mean? It means that every cent of income tax that you pay for the next two to three years will go to … Continue reading →

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

Chart of the Day: Sovereign Debt and Capital Flight

Posted on November 8, 2010 by macromon

We thought this to be a very informative chart, which shows the percentage of a country’s sovereign debt held by domestic and foreign residents.   In general, the more a country’s debt is held by foreigners the higher the risk of … Continue reading →

Posted in Black Swan Watch, Bonds, Commodities, Credit, Currency, Fiscal Policy, News, Policy, Sovereign Risk | Tagged , , | Leave a comment