Browsing Tag

sovereign debt crisis

Buiter: There are no absolutely safe sovereigns

Edward Harrison Jan 10, 2011

There are no absolutely safe sovereigns — ‘rates analysis’ has to be done simultaneously with ‘credit analysis’ for all sovereigns, including the G3. There are likely to be several sovereign debt restructurings in the euro area…

Markets

Euro Zone Contagion Remains In Force

Win Thin Jan 10, 2011

By Win Thin Even though Greece, Portugal, and Ireland bonds are trading firm today, don’t be fooled into thinking markets are getting more constructive. ECB has reportedly been actively buying today, and so bond spreads are not…

Daily

Byron Wien’s Ten Surprises for 2011

Edward Harrison Jan 3, 2011

I have just finished reviewing Byron Wien's Ten Surprises for 2010. Now, I present you Byron Wien's Ten Surprises for 2011. He is bullish again. Enjoy. -Byron R. Wien, Vice Chairman, Blackstone Advisory Partners, today issued his…

Economic Themes at the Start of 2011

Marc Chandler Jan 3, 2011

BBH's currency strategy team reviews the major economic issues in the four investing regions of note: the US, Europe, China and other Emerging Markets. In the US growth is accelerating. In Europe, the economy struggles with a sovereign debt…

Political Economy

More on the European Financial Crisis

Edward Harrison Dec 31, 2010

I was on the CBC's hour-long primetime finance show Lang & O'Leary last week talking about the European financial crisis. Prior to my appearance I wrote "The European Sovereign Debt Crisis" to give a full accounting of the…

Markets

Some Thoughts On Possible China Purchases Of Portugal Bonds

Win Thin Dec 22, 2010

by Win Thin We think it’s worth commenting on Portuguese press report today that China has pledged to buy up to EUR4-5 bln ($5.2-6.5 bln) of Portugal sovereign debt. Purchases would be either in the primary or secondary markets and would…

Markets

John Brynjolfsson Is Betting On Convergence in Europe, Playing the Curve in US

Edward Harrison Dec 21, 2010

John Brynjolfsson, the CIO at the hedge fund Armored Wolf, is betting on convergence. In his view, the credit quality of the banks and people of Germany and France, will soon look like the credit quality in Spain and Portugal. I featured a…

Markets

Clarifying The EFSF/EFSM Bond Issuance

Win Thin Dec 21, 2010

The European Commission announced plans to sell bonds to fund the Irish bailout through the EFSF and EFSM. Each entity will issue EUR3-5 bln in 2011, and will mainly have maturities of 5, 7, and 10 years. More debt will be issued in 2012.…

Monetary System

The European Sovereign Debt Crisis

Edward Harrison Dec 20, 2010

Tonight I should be on the Lang & O’Leary Exchange, the CBC’s prime-time national business program, at 7PM ET. We are going to be discussing the European sovereign debt crisis for about 5-7 minutes. Canadian readers, tune in. For…

Markets

Core Euro Zone Coming Under Increased Scrutiny

Win Thin Dec 20, 2010

Our sovereign ratings model puts France as a borderline AA+/Aa1/AA+ credit, so there is certainly a risk that France is downgraded from its current AAA/Aaa/AAA ratings in the coming quarters. However, because the slippage is borderline, we…

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