—- 70 economistspetitionforanimmediatePortuguesedebtrestructure // YanisVaroufakis While Frankfurt-Berlin-Brussels are in full spin mode on Portugal, pretending that the fiscal consolidation program was successful and the country is about to exit its bailout (a little like exiting the frying pan to land in the fire itself), the bitter reality is that Portugal’s public debt is out of control, its labour market in […] —- Shared via myfeedlyreader Seguir leyendo 70 economists petition for an immediate Portuguese debt restructure feedly

—- DroppingLikeFlies: LargestSteelMakerInChina’sShanxiProvinceDefaultsOnCNY 3 BillionInDebt // http://feeds.feedburner.com/zerohedge/feed When we started discussing the upcoming onslaught of corporate defaults in "Minsky Moment" China, now that the bankruptcy seal has been broken, we warned that the worst is about to come. Well, it’s coming. Overnight, Hong Kong’s TheStandardreportedthat in addition to the solar, coal and real-estate developer companies that are on everyone’s radar as potential future bankruptcy candidates, … Seguir leyendo Dropping Like Flies: Largest Steel Maker In China’s Shanxi Province Defaults On CNY 3 Billion In Debt feedly

Enlace Emotivo vídeo de la llegada de la columna de Extremadura de las #MarchasDeLaDignidad a Fuenlabrada. #22M #EnPie22M #Dignidad22M #Acude22M Seguir leyendo #22M Fuenlabrada da la bienvenida a la columna Extremadura de la Marchas de la Dignidad

Solo de Andalucía se preveen más de 25.000 asistentes. De toda España están confirmados más de 720 autobuses, a parte de la gente que venga por tren o en coches. Y eso sin contar con los asistentes de la Comunidad de Madrid, que se preveen numerosos. Puede y debe ser una jornada de lucha pacífica pero con un mensaje de fuerza hacia el poder. Ante … Seguir leyendo #22M La afluencia será tan masiva que no son factibles los disturbios

Seguir leyendo Comunicado de los bomberos sobre el #22M

—- CopperPlungesToFresh 5-YearLow // http://feeds.feedburner.com/zerohedge/feed Asweexplainedingreatdetailyesterday, the selling in commodities is far from over. The extent of China’s commodity-backed-financing is only now beginning to be understood and forced sales (along with the vicious circle of collapsing collateral values and increasingly tightening credit) are hard to stop for a government set of reform. Copperpriceswereheavyovernightin Asia butthismorning has seenfuturesplungeonheavyvolumebelow $289 – thelowestsinceJuly 2009– breaking key support levels. … Seguir leyendo Copper Plunges To Fresh 5-Year Low feedly

—- BankofEnglandResearchPaperonEndogenousMoney // Social Democracyforthe 21st Century: A Post KeynesianPerspective A very interesting research paper called “Money Creation in the Modern Economy” has recently been published in the Bank of England’s QuarterlyBulletin (2014 Q1). This paper is notable for its endorsement of endogenous money theory and its citations of Post Keynesian literature. You can get the research paper and a shorter topical article here: MichaelMcLeay, … Seguir leyendo Bank of England Research Paper on Endogenous Money feedly

—- ShellOil: USFracking “Revolution” A MoneyLoser // TestosteronePit By Daniel Graeber: Shell is already steeped in its Alaska offshore debacle. Now its new boss admitted that fracking in the US, after a huge investment, is a money-losing business. —- Shared via myfeedlyreader Seguir leyendo Shell Oil: US Fracking “Revolution” A Money Loser feedly