—- Zillow: Case-ShillerHousePriceIndexexpectedtoshow 13.5% year–over–yearincreaseinDecember // CalculatedRisk The Case-Shiller house price indexes for November were released today. Zillow has started forecasting Case-Shiller a month early – and I like to check the Zillow forecasts since they have been pretty close. It looks like another very strong month … From Zillow: Case-ShillerForecast: ApprieciationRemainsStrong The Case-Shiller data for November came out this morning, and based on this … Seguir leyendo Zillow: Case-Shiller House Price Index expected to show 13.5% year-over-year increase in December

—- ArgentinePricesSoarFollowing Peso DevaluationWhichOnlyBenefits 20% OfPopulation // ZeroHedge The big story last week was the rapid devaluation of the official Argentine Peso (abbreviated, perfectly enough, ARS) exchange rate, whichtumbledby 17% overnightfrom USDARS 6.8 to over 8.0, when the government decided to liberalize the exchange regime and "ease" capital controls, allowing citizens to purchase dollars in hopes of stabilizing the currency and halting the ongoing outflow … Seguir leyendo Argentine Prices Soar Following Peso Devaluation Which Only Benefits 20% Of Population

—- SocGen’sExuberant Response ToTheTurkishAction: "GovernorBasci, YouHaveAvoided A Domino Crisis InEM" // ZeroHedge SocGen, via analyst Benoit Anne, had an almost immediate reponse to the Turkish central bank’s shock and awe action. Here it is: HatsOffToTheCBRT The CBRT did not disappoint tonight. The CBRT just announced a massive 425bp rate hike. GovernorBasci, youhaveavoided a domino crisis inEM. The policy response to severe financial stability risks was … Seguir leyendo SocGen’s Exuberant Response To The Turkish Action: “Governor Basci, You Have Avoided A Domino Crisis In EM”

—- We Are SleepwalkingTowards A CashlessSociety —- Shared via myfeedlyreader Seguir leyendo We Are Sleepwalking Towards A Cashless Society

—- WorldMarketsReactToTurkey’s 425bps RateHike // ZeroHedge Judging by the reactionfromSocGen and JPY crosses (and thus global equity markets), the Turkish Central Bank’s decision – totightenakaubertaper– has solved all the tapering, tantruming, turmoiling problems in markets. TRY obviously dumped on the news (now at 2.18 -2100 from highs). JPYcrossesinstantlyexplodedhigher, automaticallyliftingUS (Dow +60) andJapanese (NKY +110) stockfuturesmarketsbeforetheyclosed. Gold fell very modestly ($1). JPY continued to weaken and … Seguir leyendo World Markets React To Turkey’s 425bps Rate Hike

—- HollandePlays "MotherMay I"; Mish’s 5 GiantScissorStepsProposal; ForeignInvestmentinFranceFalls 77% // Mish’s Global EconomicTrendAnalysis With bloated labor costs, pension requirements, labor rules, strikes, CEOs held hostage (literally), and overall union inefficiencies, it’s no wonder ForeignInvestmentinFranceFell 77% in 2013. Releasing its first estimates for 2013 Tuesday, the United Nations Conference on Trade and Development said that while foreign investment in the European Union increased from 2012, inflows … Seguir leyendo Hollande Plays “Mother May I”; Mish’s 5 Giant Scissor Steps Proposal; Foreign Investment in France Falls 77%

—- Turkeyhikes, aggressively // FTAlphaville *TURKEY’S CENTRAL BANK RAISES OVERNIGHT BORROWING RATE TO 8.00% *TURKEY’S CENTRAL BANK RAISES OVERNIGHT LENDING RATE TO 12.00% *TURKEY’S CENTRAL BANK RAISES BENCHMARK REPO RATE TO 10.00% The overnight lending rate had been 7.75 per cent, the borrowing rate was 3.5 per cent and the repo rate 4.5 per cent. So — just a tad aggressive… Continuereading: Turkeyhikes, aggressively —- … Seguir leyendo Turkey hikes, aggressively

—- China’sFakeExportNumbersUnderCloseScrutiny // Mish’s Global EconomicTrendAnalysis China’s export numbers are so unbelievable that even mainstream media doesn’t believe them. Bloomberg has the story correct, but its title could use a bit more punch. Please consider China TradePuzzleRevived as HongKong Data Diverge China’s trade numbers, distorted by fake exports last year, are set to come under renewed scrutiny after a discrepancy between Hong Kong and Chinese … Seguir leyendo China’s Fake Export Numbers Under Close Scrutiny

—- WhyShaleOilBoosters Are CharlatansInDisguise // ZeroHedge Something has bothered me of late: why is the price of crude oil still elevated? Other commodities have taken a battering since 2011. Gold, copper and iron ore – all are way down off their peaks. But oil has seemingly defied gravity. And that’s despite increased supply from shale oil in the U.S., still soft demand particularly in the … Seguir leyendo Why Shale Oil Boosters Are Charlatans In Disguise

—- CitiWarnsTheGreatestMonetaryExperimentInTheHistoryOfTheWorldIsBeingWoundDown // ZeroHedge As Citi’s Tom Fitzpatrick, a number of local market currencies are increasingly coming under pressure and look likely to fall even further. Whether this will turn into a dynamic as severe as 1997-1998 in unclear; however, at minimum Citi believes the “change in course” by the Fed in December (guided since May) has become a “game changer” for the EM World. … Seguir leyendo Citi Warns The Greatest Monetary Experiment In The History Of The World Is Being Wound Down