China’sBoldReforms Are BadNewsForMarkets http://feedly.com/k/IaiqZy China has unveiled its most sweeping reform agenda in more than 30 years, after a meeting of key Communist Party leaders in Beijing last week. The agenda aims to transition China to a more free-market consumer economy with fewer social controls. On the economic front, the plans include reducing the power of giant state-owned companies, removing a swathe of price controls, … Seguir leyendo China’s Bold Reforms Are Bad News For Markets

Marc Faber Fears "TheEndOfTheCapitalistEconomicSystem As WeKnowIt" http://feedly.com/k/IaicSn "We already live in a financial economy in which the debt and capital markets exceed the value of the real economy by far," Marc Faber explains to Germany’s Finanzen100, "and that’s before the current formation of bubbles." His most ominous warning, and one that fits perfectly with the seeming insanity of Federal Reserve (and all developed market central … Seguir leyendo Marc Faber Fears “The End Of The Capitalist Economic System As We Know It”

Bitcoingoes vertical inspeculativefrenzy http://feedly.com/k/1cBrccJ Bitcoin valuation has gone vertical in the past month or so. The speculative frenzy is truly astounding. Some have attributed this to the "scarcity" issue due to reduced reward per block of bitcoin mining (seediscussion). That’s utter nonsense. This is speculation – pure and simple. As more players jump on the bandwagon, prices take off. And as bartenders begin to give … Seguir leyendo Bitcoin goes vertical in speculative frenzy

China toloosenone-childpolicyandabolishlabour camps http://feedly.com/k/I68vUT shared via http://feedly.com Seguir leyendo China to loosen one-child policy and abolish labour camps

SpanishFinMin "Concerned" As PublicDebt Surges To New Record http://feedly.com/k/1aXPhO6 Spain’spublicdebtclimbedsharplyinSeptemberto a new recordhighof 954.863 billion euros, casting doubt about the government’s ability to meet its target for the end of the year. Even financeministerCristobalMontoroacknowledgedthat "there are concernsaboutthe pace oftheincrease," adding that this meant bringing down the public deficit even more of a priority. As El Paisreports, according to figures released Friday by the Bank of … Seguir leyendo Spanish FinMin “Concerned” As Public Debt Surges To New Record

Madrid BuriedInTrash As GarbagemenStrikeContinuesFor 10th Day http://feedly.com/k/1eVCDAR The trouble with proclaiming ‘victory’ over the crisis in Spain (read the whole of Europe) and the ECB enabling governments profligacy with the ghost of OMT future is that it merely emboldens. As Al Jazeerareports, Madrid’sgarbagecollectorshavebeenonstrikesinceNovember 5 toprotestlayoffsandpaycuts. With garbage piling up on the streets of Madrid, the mayor issued private trash-collecting companies an ultimatum on Wednesday: end … Seguir leyendo Madrid Buried In Trash As Garbagemen Strike Continues For 10th Day

Bélgica: “La extrema derecha concluye un acuerdo secreto” http://feedly.com/k/HXHIv2 “En un hotel en Viena en la más absoluta intimidad”, varios partidos de extrema derecha europeos, como el Vlaams Belang belga, el Frente Nacional francés (FN), el Partido de la Libertad (PVV) holandés, el Partido de la Libertad (FPÖ) austriaco y la Liga Norte italiana, redactarán este 15 de noviembre un texto conceptual de cooperación, anuncia … Seguir leyendo Bélgica: “La extrema derecha concluye un acuerdo secreto”

RBS: "TheFedIsNowResponsibleForMonetizing A Record 70% OfAllNetBondSupply" http://feedly.com/k/1fCaKeS The following statement and chart from the RBS’ Drew Brick pretty much explains it all: "QE has seen the Fed extend its dominion on the US curve away from the short-end and into longer duration paper is patent, too. On a rolling six-month average, in fact, theFedisnowresponsibleformonetizing a record 70% ofallnetsupplymeasuredin 10y equivalents. Thisrepresents a relianceontheFedthatisgreaterthaneverbeforeinhistory!" shared via … Seguir leyendo RBS: “The Fed Is Now Responsible For Monetizing A Record 70% Of All Net Bond Supply”

GoldSpikes, USD DumpsOnYellenomics http://feedly.com/k/HVRg9G After spending a day ignoring the reality of moar money printing, it seems ‘natural’ non-algo forces released Gold and it is spiking after hours. The USD is fading further, stocks soaring moarer, and treasury yields tanking… shared via http://feedly.com Seguir leyendo Gold Spikes, USD Dumps On Yellenomics

Anoilcrashisonitswayandweshould be ready http://feedly.com/k/1aGVU1n New Scientist has a rather pessimistic article by Jeremy Leggett on peak oil and related topics – Anoilcrashisonitswayandweshould be ready. FIVE years ago the world was in the grip of a financial crisis that is still reverberating around the globe. Much of the blame for that can be attributed to weaknesses in human psychology: we have a collective tendency to be … Seguir leyendo An oil crash is on its way and we should be ready