China PMI Beats With Biggest 2-Month Surge In Almost 4 Years

China PMIBeatsWithBiggest 2-Month Surge InAlmost 4 Years http://feedly.com/k/1eB8Rko Asian markets were quietly limping lower taking their lead from the US weakness on Friday but China’s flash PMI just printed above expectations and Japanese, Chinese, and US futures are getting a little lift. After priting below the official data for the last 5 months, the HSBC PMI is now firmly into ‘expansionary’ territory but perhaps the … Seguir leyendo China PMI Beats With Biggest 2-Month Surge In Almost 4 Years

Grecia: La cara oculta de Aurora Dorada

Grecia: La cara oculta de Aurora Dorada http://feedly.com/k/17V8ufw Al día siguiente del funeral de Pavlos Fyssas, el rapero asesinado la noche del 17 al 18 de septiembre por un militante de Aurora Dorada, To Ethnos publica las “revelaciones sobre las secciones de asalto” del partido neonazi. Una expresión que hace referencia a las SA de Adolf Hitler. En una larga entrevista, un antiguo miembro de … Seguir leyendo Grecia: La cara oculta de Aurora Dorada

Mortgage Delinquencies Hit New Record High In Spain; Builder Default Rate Hits 29%; Recovery? Really?

MortgageDelinquenciesHit New RecordHighInSpain; BuilderDefaultRateHits 29%; Recovery? Really? http://feedly.com/k/18IMm54 Readers know I have been extremely skeptical of reports that Spain is in some sort of economic recovery. For example, on September 18th I commented SpainonTracktoMeetBudgetTargetsSaysEconomyMinister; Data StronglySuggestsOtherwise RecoveryNonsense Today, more evidence is in that recovery talk is pure nonsense. Via translation from El Economista, please consider QuestionsRegardingtheBankingImprovement The widespread expectations that the Spanish banking has begun … Seguir leyendo Mortgage Delinquencies Hit New Record High In Spain; Builder Default Rate Hits 29%; Recovery? Really?

Ambrose Evans-Pritchard: My grovelling apology to Herr Schäuble: Noted

AmbroseEvans-Pritchard: MygrovellingapologytoHerrSchäuble: Noted http://feedly.com/k/18vY20J AmbroseEvans-Pritchard: MygrovellingapologytoHerrSchäuble: So there we have it. The [European] problem is solved. How can I not have seen it? How can any of us on this blog thread have missed it? I apologise for mentioning that unemployment is 27.8pc in Greece, 26.3pc in Spain, 17.3pc in Cyprus, and 16.5pc in Portugal, or for pointing that it would be far worse had … Seguir leyendo Ambrose Evans-Pritchard: My grovelling apology to Herr Schäuble: Noted

LIBRE MERCADO O UNA ILUSIÓN HISTÓRICA

LIBRE MERCADO O UNA ILUSIÓN HISTÓRICA http://lavozdebida.wordpress.com/2013/09/20/libre-mercado-o-una-ilusion–historica/ “Presumo que todos saben quién soy. Soy el humilde Abraham Lincoln. Mi programa es breve y dulce como el baile de una mujer vieja. Estoy a favor de la banca nacional, del sistema de mejoras internas y de una aduana proteccionista” Abraham Lincoln, decimosexto presidente de los Estados Unidos, 1861 – 1865. “Nosotros recomendamos esa política de intercambios … Seguir leyendo LIBRE MERCADO O UNA ILUSIÓN HISTÓRICA

Plundering the planet: an update

Plunderingtheplanet: anupdate http://cassandralegacy.blogspot.com/2013/09/plundering–planet–update.html Thisis a writtenversionof a talk I gaveatthemeetingofthe club ofRome, inOttawa, onSep 19 2013. Ladies and gentlemen, in this short talk I’ll see to give to you an update of the status of the "PlunderingthePlanet" book, which, as you know, is a report for the Club of Rome. As many of you know, the German version of the book was published in June … Seguir leyendo Plundering the planet: an update

The Mother of All Bubbles?

TheMotherofAllBubbles? http://feedly.com/k/1aYCPhN UnprecedentedRisk as theWorld’sDebtbergGrows We should perhaps call this the ‘nothing bad can possibly happen’ update, because that is the message from the markets. Not only is money continuing to flow in big gobs into risk assets, market participants also no longer see any risk associated with them. What we have here is the ‘Ben helicopter effect’ in all its glory. And yet, one … Seguir leyendo The Mother of All Bubbles?

La Russie, la Syrie et l’humiliation française

La Russie, la Syrieetl’humiliationfrançaise http://feedly.com/k/1aYBTdg L’une des choses les plus marquantes qui se dégage de la dernière session du Club Valdaï en septembre 2013 est la profonde différence dans la conception de la politique étrangère entre certains pays occidentaux (comme la France, la Grande-Bretagne et les Etats-Unis) et la Russie, appuyée par les pays émergents. Il ne faut pas s’y tromper. Si la Russie à … Seguir leyendo La Russie, la Syrie et l’humiliation française