Las maneras “democráticas” del PP llegan a uno de los más famosos blogs anglosajones On Saturday, Popular Party Secretary-General María Dolores de Cospedal, number two of the governing party in Spain, said that she knew she was going to get criticized, “but this is pure Nazism.” On Sunday, rather than resigning, she repeated it. For more precision, she added that going to someone’s house to … Seguir leyendo Testosterone Pit – Home – The New “Nazis” of Spain

Una encuesta da el 17% de votos al nuevo partido alemán anti-euro. Polls show the support for the anti-euro Alternatives for Germany AfD party as high as 17% according to the Financial Times. However that 17% is the number of voters who would "consider" voting for an anti-euro party, not the number of people committed to that outcome. Specifically, the FT article states "AfD is … Seguir leyendo Mish’s Global Economic Trend Analysis: German Reader Tackles Question “What Percentage of the Vote will Anti-Euro Party AfD Receive in Upcoming Election?”

A destacar que el think tank Bruegel niega la mayor sobre los incrementos de productividad informados por los PIGS. Está claro que se refiere a la drástica bajada informada por España. Menos mal que hay gente que no es totalmente idiota. Three cabinet members have launched a joint push for a drastic policy change, warning that cuts have become self-defeating and are driving the country … Seguir leyendo Francois Hollande faces austerity revolt from own ministers – Telegraph

Buenos datos desde la industria de los EEUU Industrial production rose 0.4 percent in March after having increased 1.1 percent in February. For the first quarter as a whole, output moved up at an annual rate of 5.0 percent, its largest gain since the first quarter of 2012. Manufacturing output edged down 0.1 percent in March after having risen 0.9 percent in February; the index … Seguir leyendo Calculated Risk: Fed: Industrial Production increased 0.4% in March

El artículo concluye que es falso que los alemanes sean más pobres. Simplemente la riqueza está peor repartida. Aunque no lo dicen, pienso que aún peor es que la riqueza alemana es capaz de generar flujo de caja en mayor medida que la de los países del Sur. A recent ECB household-wealth survey was interpreted by the media as evidence that poor Germans shouldn’t have … Seguir leyendo Are Germans really poorer than Spaniards, Italians and Greeks? | vox

The rapidity of gold’s drop is impressive, concerning, and disorderly. We have seen two other such instances of disorderly ‘hurried’ selling in the last five years. In July 2008, gold quickly dropped 21% – seemingly pre-empting the Lehman debacle and the collapse of the western banking system. In September 2011, gold fell 20% in a short period – as Europe’s risks exploded and stocks slumped … Seguir leyendo What Happened The Last Time We Saw Gold Drop Like This? | Zero Hedge

Don’t do it folks. There’s no "reflation" trade.  Nor is this "manipulation."   There is one thing to watch, and that is if the physical commodity at real, no-BS volume sources de-couples from the futures price.  This is a nightmare scenario as it posits the imminent destruction of the capital market structure, since futures are allegedly deliverables. That is, if I own a gold mine and know I … Seguir leyendo Gold and Silver Crash – Don’t Be An Idiot – MarketTicker Forums

In addition to Case-Shiller, CoreLogic, FHFA and LPS, I’m also watching the FNC, Zillow and several other house price indexes. From FNC: FNC Index: February Home Prices at 28-month High The latest FNC Residential Price Index® (RPI) indicates that U.S. property values rose again in February, continuing a trend that began in the spring of 2012 which has become widely recognized as the beginning of … Seguir leyendo Calculated Risk: FNC: House prices increased 6.1% year-over-year in February, At 28 Month High