Post Tagged with: "government bonds"

Some thoughts on the coming defaults of Greece

Some thoughts on the coming defaults of Greece

This post, originally written at Credit Writedown Pro on 27 Apr 2015, is now available here as well. After the meeting in Riga, it is more clear than ever that the gap between Greece and the Eurogroup finance ministers is wide. Default looks likely and so we have to start thinking about what this means for Greece and for Europe. […]

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The coming defaults of Greece

The coming defaults of Greece

It seems that there will be no agreement between Greece and its Eurozone partners. Short of cash, the Greek government will have no choice but to suspend payment of its maturing debts. This column looks at what happens next. In brief, it will be very much up to the ECB to decide.

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Yanis Varoufakis on fiscal waterboarding and Ponzi austerity

Yanis Varoufakis had a long interview on RT’s Boom Bust yesterday going into detail behind his political candidacy and what he expects SYRIZA to do regarding the unsustainable debt burden that the Greek government now has. Overall, despite his problems with the eurozone’s institutional structure, Yanis believes Greece leaving the eurozone would be a catastrophe for the simple fact that it does not have a currency and any attempt to leave would be seen as a prelude to a massive devaluation, inviting capital flight on a grand scale. This would be a catastrophe for the Greek banking system and wider economy.

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Country by country macro update, part 2, September 2014

Country by country macro update, part 2, September 2014

This is an abbreviated post from our subscription series at Credit Writedowns Pro. Yesterday, I did a broad overview of four markets of interest to global investors. And I wanted to continue my thoughts on this here with a few more markets and with a deeper dive into some of my thinking about the UK. Britain, Part 2 In the […]

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A government bond bullish scenario is taking form

A government bond bullish scenario is taking form

This is an abbreviated post from our subscription series at Credit Writedowns Pro. Labor Day is behind us now and I intend to have a much more regular posting schedule going forward. But the lack of posts has given me some time to reflect on the global macro situation without the need to write about it on a daily basis. […]

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The disaster in Europe versus data in the US (plus China and Argentina)

The disaster in Europe versus data in the US (plus China and Argentina)

Despite the title, this is not a mono-themed post but more of a highlight of recent news and data and their importance in interpreting the direction of the economy and potential effect on markets. I do want to concentrate on European and US data but I also have some data points from elsewhere. Full commentary at Credit Writedowns Pro

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Cyclical recovery petering out before it hits middle class

Cyclical recovery petering out before it hits middle class

This is an abbreviated post from our subscription series at Credit Writedowns Pro. Before I get into the details today, I want to note that going forward, I may not have the bandwidth to be able to post on a daily basis. I am going to try. But there are definitely going to be weekdays going forward where I won’t […]

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Edward Harrison’s Ten Surprises for 2014, Update 2

Edward Harrison’s Ten Surprises for 2014, Update 2

This is an abbreviated post from our subscription series at Credit Writedowns Pro. Today is the time to update you on how my 2014 surprises are faring and why. Just to remind you, the surprise list is based on Byron Wien’s list of ten surprises which he has been conducting for the last thirty years. Surprises are events to which […]

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The Italian Runaway Train

The Italian Runaway Train

By Edward Hugh There has been lot’s of debate in the press and in academic circles over the last week or so about whether Italy’s latest contraction constitutes a triple dip recession or simply a continuation of what’s been going on over many many years. This is an interesting theoretical nicety, but in fact what is happening in Italy at […]

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Economic and market themes: 2014-08-01 US, China, Argentina, France

Economic and market themes: 2014-08-01 US, China, Argentina, France

This week’s economic and market themes piece is going to be a little shorter than usual because I have covered a lot of the major topics earlier in the week. Full commentary at Credit Writedowns Pro

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Why the European sovereign debt crisis is not over

Why the European sovereign debt crisis is not over

This is an abbreviated post from our subscription series at Credit Writedowns Pro. The present period of optimism is built upon two factors. First, when push came to shove and Italy and Spain were faced with default, the ECB stepped into the breach. Periphery bonds outside of Greece are perceived to have a backstop from the ECB that will limit […]

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The euro crisis: Muddling through, or on the way to a more perfect euro union?

The euro crisis: Muddling through, or on the way to a more perfect euro union?

After a promising first decade, the Eurozone faced a severe crisis. This column looks at the Eurozone’s short history through the lens of an evolutionary approach to forming new institutions. German dominance has allowed the euro to achieve a number of design objectives, and this may continue if Germany does not shirk its responsibilities. Germany’s resilience and dominant size within the EU may explain its ‘muddling through’ approach to the Eurozone crisis. Greater mobility of labour and lower mobility of under-regulated capital may be the costly ‘second best’ adjustment until the arrival of more mature Eurozone institutions.

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