QEeenYellen’sTestimonyPreview http://feedly.com/k/1aGVPuE It would appear that much of the rally yesterday (and early overnight) was driven by hope (and confirmed relief) that Fed chair nominee Yellen is not about to take on a substantially less-dovish tone in today’stestimony in an effort to garner the support of the more hawkish elements of the Senate Banking Committee. There was a great deal of confirmation bias in the … Seguir leyendo QEeen Yellen’s Testimony Preview

WEO 2013: Anuncio de curvas peligrosas http://feedly.com/k/1a5Kc4v Queridos lectores, El 12 de Noviembre salió la edición de 2013 del World Energy Look (WEO 2013) que cada año publica la Agencia Internacional de la Energía (AIE), con su correspondiente presentación a la prensa. La mayoría de los diarios españoles han puesto el foco en aspectos banales de esta presentación, aunque algunos diarios como el Financial Times … Seguir leyendo WEO 2013: Anuncio de curvas peligrosas

Warning: StockMarketMargin (Borrowing) ReachesAll-Time High http://feedly.com/k/1aGTAre ByMichaelLombardi, ProfitConfidential: More and more time-proven stock market indicators scream “Danger!” Investors are too bullish, an omen of lower stock prices ahead. The higher this market gets, I question how bad the sell-off is going to be when it finally hits. shared via http://feedly.com Seguir leyendo Warning: Stock Market Margin (Borrowing) Reaches All-Time High

ECBreadytoprint, Germanyreadytoscream http://feedly.com/k/HVuvCK The doves are seizing control of the European Central Bank. They are already laying the ground work for a blitz of Anglo-Saxon QE, whatever the Germans, Dutch, Austrians, and Finns (?) have to say about such wicked Latin conduct. Welcome to the next fascinating phase of the EMU opera buffa, opera tragica. The ECB’s Peter […] shared via http://feedly.com Seguir leyendo ECB ready to print, Germany ready to scream

TradeDeficitincreasedinSeptemberto $41.8 Billion http://feedly.com/k/174Djz2 The Department of Commerce reported this morning: [T]otal September exports of $188.9 billion and imports of $230.7 billion resulted in a goods and services deficit of $41.8 billion, up from $38.7 billion in August, revised. September exports were $0.4 billion less than August exports of $189.3 billion. September imports were $2.7 billion more than August imports of $228.0 billion. The trade … Seguir leyendo Trade Deficit increased in September to $41.8 Billion

Spain’sBankingWoes – GoingfromBadtoWorse http://feedly.com/k/1hHERWF MortgageDelinquenciesSweptUndertheRug Back in August of 2012 we wrote about “Spain’sCuriouslyLowMortgageDefaults” and noted that the CEO of Santander essentially accused doubters of being retards. Here is how he explained the phenomenon at the time: “JPMorganChase & Co. (JPM), the world’s largest bond underwriter, predicts that Spanish mortgage arrears will surge as unemployment rises. That’s also the view from the international debtmarket, which … Seguir leyendo Spain’s Banking Woes – Going from Bad to Worse

Libre circulación: “Los rumanos, humillados ante el muro de Schengen” http://feedly.com/k/1dpP0kY “Rumanía y Bulgaria no entrarán en el espacio Schengen el 1 de enero de 2014”, anunció el presidente de la Comisión Europea, José Manuel Barroso, el 11 de noviembre. Se trata de una “prueba de la falta de consecuencia de los dirigentes europeos, considera JurnalulNational : Esta nueva declaración se opone 180º a cuando … Seguir leyendo Libre circulación: “Los rumanos, humillados ante el muro de Schengen”

Malta: La ciudadanía europea a la venta http://feedly.com/k/1dpOu6k El Parlamento de Malta aprobó el 12 de noviembre una polémica ley que permite la adquisición de la ciudadanía maltesa, incluyendo pasaporte maltés y acceso al espacio Schengen de la UE, por 650.000 euros, escribe Times of Malta. Las enmiendas a la Ley sobre la Ciudadanía Maltesa han sido criticadas por la oposición, para las que “prostituyen … Seguir leyendo Malta: La ciudadanía europea a la venta

7 More YearsOfLowRates.. AndThenWar? http://feedly.com/k/1a2MX6G While chart analogs provide optically pleasing (and often far too shockingly correct) indications of the human herd tendencies towards fear and greed, a glance through the headlines and reporting of prior periods can provide just as much of a concerning ‘analog’ as any chart. In this case, while these 3 pictures can paint a thousandwords; a thousand words may also … Seguir leyendo 7 More Years Of Low Rates.. And Then War?

JimRogers: "ThisIsAbsoluteInsanity" http://feedly.com/k/17tnK6r "It’snotjusttheFed, it’s central banking," Jim Rogers exclaims to Reuters inthisbrief clip, "thisisabsoluteinsanity." As the world’s central banks, for the first time in history "try to debase their currencies," simultaneously, Rogers cautions, "the world’s floating around on a huge artificial sea of liquidity." Rogers goes on to explain that he doesn’t expect Bernanke to taper and fears that Yellen won’t either but hopes … Seguir leyendo Jim Rogers: “This Is Absolute Insanity”