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Tag Archives: Debt
Sovereign Debt Hygienics
Interesting calculations posted by Spiegel from the Kiel Institute on the sovereign haircuts which would make the debt of the listed countries sustainable. We would love to see the calculations for the U.S., U.K., and Japan. (click here if charts … Continue reading
Posted in Black Swan Watch, Euro, Italian Yields, PIIGS, Sovereign Risk
Tagged Debt, Greece, Ireland, Italy, Portugal, Sovereign Haircuts
3 Comments
NY Times: Greek government’s $38,000 bills for office curtains
Today’s NY Times piece on the failure of Greece to cut its bureaucracy is a must read for anyone trying to understand one of the major forces driving global markets. It also gives context to why Germany and other core … Continue reading
Posted in Black Swan Watch, Euro, PIIGS, Sovereign Debt, Sovereign Risk
Tagged Bureaucracy, Debt, Greece, Spending
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Robert Prechter: “Junk bond prices are going to go to zero.”
His predictions, advice and timing have always been tough to act and trade on and, like all of us, is wrong a lot. But here’s the latest to feed your inner macro bear. Roarrrrr!! (click here if video is not … Continue reading
Posted in Black Swan Watch, Bonds, Sovereign Debt
Tagged Debt, Elliot Wave, Junk Bonds, Robert Prechter, Trend is exhausted
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Quote of the Day: Amen!
“Just consider what levels of debt we are passing on to future generations. This isn’t responsible, politically, morally or ethically.” - Juergen Stark, ECB
Posted in Fiscal Policy, Quote of the Day, Sovereign Debt
Tagged Debt, ECB, Juergen Stark
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Debt and Leverage in Advanced Economies
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 Debt, European Debt Crisis, Japan, Leverage, PIIGS, Sovereign Debt
3 Comments
