Sovereign Risk

Sovereign Risk

Bill Blain: "What A Fascinating Week This Is Shaping Up To Be"

"The next crisis is more likely to stem from the last in terms of unintended consequences. Over inflated financial asset bubbles (caused largely by the actions of central bankers - QE), will be front and centre. Sure, we can point to synchronised growth across the globe, but the real issues of confidence are under stress."

Korean Sovereign Risk Spikes After Syrian Airstrike

Despite being rated five levels higher than Thailand by Moody’s Investors Service, the cost of insuring South Korea’s bonds against default is now more expensive for the first time in 7 years.

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Blockchain and gold will likely make a “good team”, but they’re not ready yet. RCM and GoldMoney blockchain product asks you to trust in government and the technology, servers, IT, websites etc of the providers

BIS Admits TARGET2 Is A Stealth Bailout Of Europe's Periphery

"In the period leading up to mid-2012, T2 balances grew strongly due to intra-euro area capital flight. At the time, sovereign market strains spiked and redenomination risk came to the fore in parts of the euro area. Private capital fled from Ireland, Italy, Greece, Portugal and Spain into markets perceived to be safer, such as Germany, Luxembourg and the Netherlands."

German Default Risk Spikes To Highest Since Brexit As Merkel Lead Plunges To Multi-Year Low

Germany’s Social Democrats narrowed the gap with Chancellor Angela Merkel’s bloc to the closest in more than four years, reinforcing a poll bounce after they chose outsider Martin Schulz to challenge Europe’s longest-serving leader. As Bild reports, the 6-point surge in opposition support was the biggest ever recorded for the party... and may explain why German sovereign risk spiked to its highest since Brexit.

What Happens Next In Italy: Here Is Goldman's Take

While the market overcame its initial scare following yesterday's counter-establishment Italian referendum vote, and European stocks proceeded soar in the overnight session by the most since Trump's presidential victory, what happens next in Italy is largely unknown. What follows are Goldman's snap thoughts on the Italian next steps.

Raoul Pal: Business Cycle Tinder For A Global Banking System Fire

"...after every single two-term presidential election (i.e. when the incumbent changes) and there is a 100% track record of a recession within the next 12 months. It either starts just beforehand or starts afterward, but within 12 months there is a 100% chance of a recession... Even if they do raise rates, the yield curve will flatten like crazy... I think the Fed is almost an irrelevance at this point."

The Secret Global Court: Why Corporate Criminals & Corrupt Politicians Desperately Want TPP

Obama needs to ensure he gets well compensated after leaving office for a job well done protecting, defending and further enriching the global oligarch class. This is precisely why he’s so adamant about passing the TPP during the upcoming lame duck session of Congress, when he knows “representatives” who no longer face reelection can be coerced or bribed into voting for this monumental public betrayal. The Trans-Pacific Partnership (TPP) ins’t really a free trade deal, it’s a way for global oligarchs to consolidate, grow and protect their enormous wealth. The whole thing is absolutely disgusting and epitomizes all that is wrong and unethical about the world today.