Source: JP Morgan

Category: Economy

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

5 Responses to “Sovereign Debt Stresses”

  1. Toktora says:

    Come on Barry, don’t you know the US = Greece when it comes to government debt?

  2. MidlifeNocrisis says:

    Yeah, the chart contains interesting information in a quality graphic… but comparing countries that have their own sovereign currency with countries that do not….. well, that can certainly be misleading.

  3. chartist says:

    I spent a few days in Buenos Aires last week. Street demonstrations are increasing. I saw riot police but it seemed much more of a show of force. Garbage littered the street as garbage collection ceased. The sidewalks stunk due to the piles of trash. People I met and talked to desperately want to leave Argentina because they’ve seen this circus before They were mad at the recent haircut their savings took in the last two weeks. It’s too late to buy gold because it can’t be bought. They are concerned that it’s too late to buy the Merval stocks due to the massive run. Some companies are raising salaries to offset the Peso devaluation but many are not. There is fear of more rioting. Merchants don’t want to sell capital equipment or even new cars for fearing of another round of Peso devaluation. You can bargain with merchants if you have US dollars. Pricing at restaurants is sometimes in pencil so it can be changed readily.

  4. [...] Nice chart, but I am not sure whether there is a useful message to be found here, I am not sure. Japan was in the lower quadrant two years earlier, for example http://www.ritholtz.com/blog/2014/02/sovereign-debt-stresses/ [...]

  5. emrah says:

    Thanks for the graph Barry. The size of the bubble that represents 10 year gov. bond yield is a bit misleading. Would have made more sense if JP Morgan had used real interest rates. For some developed countries the bubble would be negative then. Plotting a negative bubble would be difficult though :)