It’s China, it’sbadloans, andit’ssecuritisation http://ftalphaville.ft.com/2013/09/13/1632862/its-china-its–bad–loans–and–its–securitsation/ What could possibly go wrong? It looks increasingly likely that China is gearing up for another round of bad-loan cleansing with asset management companies seemingly beingpreparedforsome more NPLabsorption and a move towards what might be loosely termed market-based approaches to restructurings. It looks like this will include securitisation, which Chinese authorities have been dipping their toes back into since a … Seguir leyendo It’s China, it’s bad loans, and it’s securitisation

Egyptfor Sale http://feedly.com/k/1g8x6Tz Yves here. This piece provides an intriguing analysis and a lot of detail to support its thesis that Egypt’s inability to generate the income needed to make payments on IMF loans means the country is likely to have its assets stripped. But be warned that the author clearly is offended by the Arab Spring uprisings and repeatedly, and incorrectly, calls them a … Seguir leyendo Egypt for Sale

It’sOfficial. America’s ‘SuezMoment’ Has Arrived http://feedly.com/k/1aFGJfn SubmittedbySimonBlackofSovereignManblog, Inthesummerof 1956, EgyptianpresidentGamalAbdelNassernationalizedtheSuez Canal, sparking a worldwide crisis. The Suez links the Mediterranean to the rest of the world, and it’s one of the most important maritime thoroughfares in international trade. So this was a big deal. Britainwas a majorstakeholderinthe canal, and almost immediately, the British government put together a small coalition consisting of the UK, France, and … Seguir leyendo It’s Official. America’s ‘Suez Moment’ Has Arrived

Italyfloatedplanstoleave euro in 2011, saysECBinsider – Telegraph Blogs http://feedly.com/k/185Jdff shared via http://feedly.com Seguir leyendo Italy floated plans to leave euro in 2011, says ECB insider – Telegraph Blogs

TritiumLevelsAtFukushima Surge To New Highs http://feedly.com/k/18TyeaS As if the "developed" world did not have enough things to worry about, moments ago VOA’sSteveHermanreported that the radioactive problem in Japan, the country hosting the 2020 summer olympics, continues to deteriorate uncontrollably, and citing Jiji, said that TepcorevealedtritiumlevelsintheFukushimagroundwaterhavejustsurgedto a new high. From Jiji, googletranslated: A problem radioactive contamination water leaks in large quantities from a storage tank of … Seguir leyendo Tritium Levels At Fukushima Surge To New Highs

Eurozone industrial slumpdasheshopesofstrongrecovery – Telegraph http://feedly.com/k/1eIqDkh shared via http://feedly.com Seguir leyendo Eurozone industrial slump dashes hopes of strong recovery – Telegraph

Hoppe’s CaricatureofEmpiricism http://feedly.com/k/17rcdBh In all its befuddled glory: “I would like to challenge the very starting point of the empiricists’ philosophy. There are several conclusive refutations of empiricism. I will show the empiricist distinction between empirical and analytical knowledge to be plainly false and self-contradictory. That will then lead us to developing the Austrian position on theory, history, and forecasting. This is empiricism’s central claim: … Seguir leyendo Hoppe’s Caricature of Empiricism

Toxic Inequality – NYTimes.com http://feedly.com/k/14Mow7S shared via http://feedly.com Seguir leyendo Toxic Inequality – NYTimes.com

If wehavetousefossilfuelstomanufacturerenewableplants, doesn’tthatmeanthatrenewablesareuseless? http://feedly.com/k/17rbxeZ Inthispost, MarcoRaugeimakes a fundamentalpointaboutanoftenraisedquestion: ifwehavetousefossilfuelstomanufacturerenewableplants, doesn’tthatmeanthatrenewablesareuseless? Raugei’sansweris a resounding "no". Infact, theEROEIoffossilfuelsactsas a multiplierfortheEROEIofrenewables. ItturnsoutthatifweinvesttheenergyoffossilfuelstobuildrenewableplantswegetanoverallEROEIaround 20 forphotovoltaicsandevenbetterforwind. So, that’sthewaytogoforthetimebeing, untilwegraduallyarrivetocompletelyreplacefossilfuels! (imageabovefrom "TheEnergyCollective") TheEROIandpromiseofPV (andotherrenewables). Tryingtoavoidunnecessaryinconsistencyandconfusion, andtokeepanopenmindand a balancedviewpoint. byMarcoRaugei The energy return on energy investment (acronym: EROI or EROEI) provides a numerical quantification of the benefit that the user gets out of the exploitation of an energy source, in terms of … Seguir leyendo If we have to use fossil fuels to manufacture renewable plants, doesn’t that mean that renewables are useless?

Inmigración: “CasiningúnpaísenEuropaestanxenófobocomolosPaísesBajos” http://feedly.com/k/1b48UUo En una entrevistapara el diarioTrouw, la ministra rumana de Trabajo considera que los Países Bajos se han convertido en “racistas” y que el miedo a una inmigración masiva de rumanos y búlgaros es “exagerado”. Mariana Câmpeanu se encontraba en La Haya el 9 de septiembre con sus homólogos holandés y búlgaro con ocasión de una cumbre sobre la migración laboral, ya que … Seguir leyendo Inmigración: “Casi ningún país en Europa es tan xenófobo como los Países Bajos”