EarningsRealityInOneChart http://feedly.com/k/1eJbePZ Only 38% of S&P 500 companies that have reported have beaten revenue expectations – compared to a historical average of around 46%. As Bloomberg notes, Q3 2013 will be thefirst time for 3 consecutivequartersofsub-50% meetingexpectationssincetheirrecordsbegan. Earnings are not much better having seen a slide in performance relative to expectations for 4 quarters now. It seems the hockey–stickof H2 2013 earningshopethatwe so vociferouslypointedout as … Seguir leyendo Earnings Reality In One Chart

New Rules forItalyBanks "I’llGuaranteeYourDerivativesIfYouGuarantee Mine" http://feedly.com/k/1bdzjLY New Basel III rules require extra capital for derivative positions. Banks in Italy have already figured out a way around that rule. Eurointelligence reports … We have been on the watch-out for stories that government and central banks encourage banks to continue to act as buyers of last resort of government debt. Here is one from Reuters, according to … Seguir leyendo New Rules for Italy Banks “I’ll Guarantee Your Derivatives If You Guarantee Mine”

BillGatesbetsearlyonSpanishrecoverywithFCCstake http://feedly.com/k/19Z8B7n Billionaire has bought a 6pc stake in the Spanish infrastructure group FCC, boosting shares in the country. shared via http://feedly.com Seguir leyendo Bill Gates bets early on Spanish recovery with FCC stake

ChemicalActivityBarometerforOctoberSuggestsEconomicActivityIncreasing http://feedly.com/k/1bbTGcs I’ll have more on the employment report later, but this is a new indicator that I’m following that appears to be a leading indicator for the economy. From the American Chemistry Council: FourthQuartertoEndStrongShowsLeadingEconomicIndicator The partial shutdown of the federal government earlier this month didn’t take the steam out of the U.S. economy, according to the American Chemistry Council’s (ACC) monthly Chemical Activity Barometer … Seguir leyendo Chemical Activity Barometer for October Suggests Economic Activity Increasing

Muchas veces no se percibe bien el auténtico alcance de las consecuencias de la manipulación de los tipos de interés que están ejerciendo los bancos centrales. Se ha descrito bien el inmenso regalo que suponen unos tipos bajos para una banca en terribles problemas, que toma prestado a menos del 1% del banco central y luego presta a tipos que pueden llegar al 10% a … Seguir leyendo ¡Arriba las manos! ¡Soy el BCE!

Marc Faber Blasts "We Are TheBubble… ThereIs No ExitStrategy" http://feedly.com/k/17cBBym "The question is not ‘tapering’," Marc Faber exclaims to his hosts on CNBC’s Squawk Box this morning, "the question is at what point will they increase the asset purchases to say $150 [billion] , $200 [billion], or a trillion dollars a month." QE-4-EVA is here to stay, as Faber explained "every government program that is … Seguir leyendo Marc Faber Blasts “We Are The Bubble… There Is No Exit Strategy”

IsThisWhereYourEggMcMuffin Comes From? http://feedly.com/k/16r0kZD AndthehitsjustkeeponcomingforMcDonalds. An animal rights organization is urging McDonald’s Canada to take a firm stand against what it calls “shocking animal cruelty” captured on a graphic video it says was taken at two Alberta farms, which shows dead hens rotting in the cages, and chicks being covered in feces. . As TheGlobeandMailreports, McDonald’s, however, says while it does get eggs from Burnbrae … Seguir leyendo Is This Where Your Egg McMuffin Comes From?

China New HomePricesRisein 69 Of 70 Cities http://feedly.com/k/1fSWTn3 Tic, tac, tic tac…….. China’s attempts to curb runaway inflation in its housing market – which in a country in which the relatively young capital markets lack the breadth and depth of their western equivalents remains the only venue in which to park any of the excess cash generated from the global central bank liquidity avalanche – … Seguir leyendo China New Home Prices Rise in 69 Of 70 Cities

PlungingGreekWagesCrater Q2 DisposableIncomeBy 9.3%, GovernmentBorrowingRisesToRecord http://feedly.com/k/1fSWwJh El desastre griego Can someone please explain this whole "Grecovery" concept to use because neither we, nor apparently the people of Greece which are not only unemployed and broke, but have negative savings, and collapsing wages, social benefits and disposable income, seem able to understand it. HereisthelatestabsolutelydisastrousnewsfromElstat, reportingon Q2 Greek Non-financial sector accounts During the second quarter of 2013, … Seguir leyendo Plunging Greek Wages Crater Q2 Disposable Income By 9.3%, Government Borrowing Rises To Record