BankofSpain "Discovers" €20.50 BillioninHidden Non-PerformingLoans; BankofSpainTranslated http://feedly.com/k/1aGyDT4 Via translation, El Economista reports the BankofSpainDiscovers €20.50 BillionHiddenDelinquencies. Emphasis on the word "discovers" not added. Non-performing loans of Spanish banks to the end of September totaled €92.224 billion euros, 29% more than the €71.660 billion according to preliminary data included in the last Bulletin Financial Bank of Spain. TheBankofSpainurgedbankstoreview loan portfoliosbeforetheSeptember 30 deadline. [Mish note: Once again, … Seguir leyendo Bank of Spain “Discovers” €20.50 Billion in Hidden Non-Performing Loans; Bank of Spain Translated

Italytojoindeflation club? http://feedly.com/k/1aavrwf Jonathan Tepper from Variant Perception has a scary note this morning on Italy’s deflation risk, just in time for the ECB’s pitched battle today. Or at least one assumes that there will be blood on the floor in Frankfurt as doves show their fangs (excuse the grotesque mixed metaphor). If there is not a bloodbath […] shared via http://feedly.com Seguir leyendo Italy to join deflation club?

Wealth, HealthandInequality http://feedly.com/k/1bbZ3ue A provocative new book asserts that the poor in nations left behind by worldwide economic growth could be better helped than by conventional foreign aid, an economist writes. shared via http://feedly.com Seguir leyendo Wealth, Health and Inequality

ECB’sDraghistunsmarketswithratecutbutdeflationstilllooms http://feedly.com/k/1fnd8G7 The ECB cut the main refinancing rate a quarter point to 0.25pc and stands "technically ready" to reduce the discount rate below zero if necessary shared via http://feedly.com Seguir leyendo ECB’s Draghi stuns markets with rate cut but deflation still looms

A 14-Year-OldGirlExplainsHowWe Can StopTheAddictionToEconomicGrowth | ZeroHedge http://feedly.com/k/1a6bKFQ shared via http://feedly.com Seguir leyendo A 14-Year-Old Girl Explains How We Can Stop The Addiction To Economic Growth | Zero Hedge

China AdmitsIt Has AnOvercapacityBubble | ZeroHedge http://feedly.com/k/1a80id0 shared via http://feedly.com Seguir leyendo China Admits It Has An Overcapacity Bubble | Zero Hedge

FitchWarnsOfHousingBubble, Says "Unsustainable" JumpLeavesHomePrices 17% Overvalued | ZeroHedge http://feedly.com/k/187CKSn shared via http://feedly.com Seguir leyendo Fitch Warns Of Housing Bubble, Says “Unsustainable” Jump Leaves Home Prices 17% Overvalued | Zero Hedge

BofAWarns "Further Euro AppreciationIs A Problem" | ZeroHedge http://feedly.com/k/1bcfrYu shared via http://feedly.com Seguir leyendo BofA Warns “Further Euro Appreciation Is A Problem” | Zero Hedge

BitcoinSpikesToRecordHighAt $270 http://feedly.com/k/18Zhr4I The last month has seen the USD price of Bitcoins double from $130 to $270 as a combination of wider acceptance (in China and even ebay/Paypal ‘watching’) and concerns over ongoing global money printing (delayed taper) have sent the cryptocurrency to new record highs. With most ‘markets’ now manipulated or repressed by government mandate, one wonders whether Bitcoin represents the last bastion … Seguir leyendo Bitcoin Spikes To Record High At $270

TheUSGovernmentandTechnologicalInnovation http://feedly.com/k/1bcfdAD Mariana Mazzucato gives a concise but insightful talk here about the role of the US government in driving technological development and the success of cutting-edge private sector businesses. Mazzucato goes through numerous sectors – telecommunications, information technology, pharmaceuticals, nanotechnology, and so on – and shows how basic and applied research for many technologies eventually taken over by the private sector is done or … Seguir leyendo The US Government and Technological Innovation