China’sCredit Crisis InCharts http://feedly.com/k/1baJ4eO The rapid pace of China credit expansion since the Global Financial Crisis, increasingly sourced from the inherently more risky and less transparent "shadow banking" sector, has become a critical concern for the global markets. Fromtheendof 2008 untiltheendof 2013, Chinesebanking sector assetswillhaveincreasedabout $14 trillion. As Fitch notes, that’sthesizeoftheentireUScommercialbanking sector. So in a span of five years China will have replicated the whole … Seguir leyendo China’s Credit Crisis In Charts

LynnParramore: BoomerangBabies – RecordNumbersofYoungAdultsLivewithParentsat Terrible Cost http://www.nakedcapitalism.com/2013/08/lynn–parramore–boomerang–babies–record–numbers–of–young–adults–live–with–parents–at-terrible-cost.html Yves here. Recent media commentary on the state of the housing market has finally picked up on something that shouldn’t be news: that most young people are in lousy financial shape and therefore are in no position to buy a home. Many are burdened by student debt, and even if they’ve managed to dodge that bullet, it’s hard … Seguir leyendo Lynn Parramore: Boomerang Babies – Record Numbers of Young Adults Live with Parents at Terrible Cost

India’sfinancialprophetRaghuram Rajan torun central bank – Telegraph http://feedly.com/k/1eqGIrT shared via http://feedly.com Seguir leyendo India’s financial prophet Raghuram Rajan to run central bank – Telegraph

China-UE: Termina la disputa por los paneles solares, pero otras se apuntan http://feedly.com/k/17vTFNi Un acuerdo duramente negociado entre China y la UE sobre las importaciones de paneles solares chinos, que entra en vigor el 6 de agosto, reactivará una batalla “feroz” entre los fabricantes del país asiático en su intento de cumplir con los contingentes de exportaciones y el límite mínimo de los precios, escribe … Seguir leyendo China-UE: Termina la disputa por los paneles solares, pero otras se apuntan

CoreLogic: HousePricesup 11.9% Year-over-yearinJune http://feedproxy.google.com/~r/CalculatedRisk/~3/VMYMsgVk4VA/corelogic–house–prices–up-119-year–over.html Notes: ThisCoreLogicHousePriceIndexreportisforJune. The recent Case-Shiller index release was for May. The CoreLogic HPI is a three month weighted average and is not seasonally adjusted (NSA). From CoreLogic: CoreLogicReportsJuneHomePricesRiseby 11.9 PercentYearOverYear Home prices nationwide, including distressed sales, increased 11.9 percent on a year-over-year basis in June 2013 compared to June 2012. This change represents the 16th consecutive monthly increase in home … Seguir leyendo CoreLogic: House Prices up 11.9% Year-over-year in June

"SlewOf Positive Data" DrivesEuropeanStocksToWorstDayIn A Month http://feedproxy.google.com/~r/zerohedge/feed/~3/2FZS_o0dhXM/story01.htm Mainstream media is blaming the weakness in gold on the fact that a "slew of positive data" from the EU ‘proves’ there is no crisis. However, if that data is so positive – and proclaimed so by EU’s Ollie Rehn, then why did Europeanstocksdropthemostin a month. JPY strength continues to a six-week high against the USD and testing … Seguir leyendo “Slew Of Positive Data” Drives European Stocks To Worst Day In A Month

TheUSManufacturingRenaissanceIn (Perplexing) Context http://feedly.com/k/13DZESA As the following two charts show, despite the restoftheworldbeingmiredinanentirelylackadaisicalmuddle-through – in terms of both manufacturing… and non-manufacturing PMIs… …the US is representing itself as the new growth engine with an expanding and rising economy (if the ‘recovery-is-right-around-the-corner’ data is to be believed). Even as manufacturing jobs continue to structurally disappear… Of course, we are hearing the term ‘decoupling’ and ‘cleanest dirty … Seguir leyendo The US Manufacturing Renaissance In (Perplexing) Context

Spot TheNextCredit Crisis http://feedproxy.google.com/~r/zerohedge/feed/~3/e8rkSnDNWBA/story01.htm Information overload and cognitive dissonance often hide the facts from right under one’s nose. Sometimes, as in the case of the following image, a picture paints a thousand words; and in this case, any doubt about where the world’s ‘most-bust-prone’ nations are in the post-crisis new normal should be instantly (and visually) dismissed (as wenotedhere, here, and here). Source: GoldmanSachs shared … Seguir leyendo Spot The Next Credit Crisis

JapanFinallyAdmitsTheTruth: "RightNow, WeHaveAnEmergencyAtFukushima" http://feedly.com/k/13Hshe9 Tepco is struggling to contain the highly radioactive water that is seeping into the ocean near Fukushima. The head of Japan’s NRA, Shinji Kinjo exclaimed, "rightnow, wehaveanemergency," as he noted the contaminatedgroundwater has breachedanundergroundbarrier and is rising toward the surface – exceeding the limits of radioactive discharge. In a rather outspoken comment for the typically stoic Japanese, Kinjo said Tepco’s "sense … Seguir leyendo Japan Finally Admits The Truth: “Right Now, We Have An Emergency At Fukushima”

The "New Economy" IsThe No JobsEconomy Seguir leyendo The “New Economy” Is The No Jobs Economy — Paul Craig Roberts – PaulCraigRoberts.org