Tag Archives: Europeand Debt Crisis

Charle Rose: Robert Rubin on the European Debt Crisis

Posted on December 12, 2011 by

Good interview with Gillian Tett of the Financial Times and Robert Rubin, former United States Secretary of the Treasury on the European Debt Crisis.  Rubin does make a good point 19:45 minutes into the discussion about Mario Draghi’s debt monetization … Continue reading →

Posted in Black Swan Watch, Euro, Sovereign Debt, Sovereign Risk | Tagged , , , | 1 Comment

Europe’s Stressed Out Banks

Posted on October 10, 2011 by

The Wall Street Journal reports Euro-zone banks’ overnight deposits at the ECB increased again last week “reflecting deepening distrust in interbank lending markets.”  The Journal writes, Overnight deposits Friday rose to €255.57 billion ($341.88 billion), surpassing Thursday’s 2011 high of … Continue reading →

Posted in Black Swan Watch, Credit, Euro, Monetary Policy, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , | 3 Comments

Argentina – “Cookie Cutter” for the European Periphery?

Posted on December 13, 2010 by

“I would not say that Mexico is going to be a cookie cutter for others.” – William Rhodes, Citibank 1989 These were the words of the chairman of Mexico’s Bank Advisory Committee in 1989, just after the country and its … Continue reading →

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

Chart of the Day: Euro’s Dead Cat Bounce

Posted on December 1, 2010 by

Our Chart of the Day is the Dead Cat Bounce in the Euro.  The currency rallied on rumors of massive QE by the ECB to support the bonds of the PIIGS?  Come on!  QE of such size would drive the … Continue reading →

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