La mora bancaria alcanzó en noviembre de 2013 el valor más alto conocido  tanto en porcentaje como en cifras absolutas Según las estadísticas publicadas por el Banco de España, los créditos dudosos del conjunto de las entidades financieras españolas –incluyendo los créditos otorgados a no residentes– han llegado en noviembre del año pasado al escalofriante monto de 198.018 millones de euros (192.504 millones si tomamos … Seguir leyendo La morosidad bancaria en España alcanza su máximo nivel histórico

—- JapanMachineOrdersCrumbleAtFastest Pace In 22 Years As BOJ BoardMemberWarns More QEMayNot Be Coming // ZeroHedge If you needed another reason to buy stocks, trust in the growth meme, and have your faith in Abenomics confirmed… look away. JapaneseMachineordersforDecemberjustprinted -15.7% inDecember – thebiggestMoMplungesince 1992. This is the biggest miss to expectations since 2006 and what is considerably more problematic for Abe et al. is that YoY … Seguir leyendo Japan Machine Orders Crumble At Fastest Pace In 22 Years As BOJ Board Member Warns More QE May Not Be Coming

—- No, theMoneyHASN’TGonetothe 1% … It’sGonetothe .01% // ZeroHedge Everyone knows that all of the economic growth has gone to the 1%: Wrong! The 1% have gotten chump change compared to the .1% … who, in turn, have gotten peanuts compared to the .01% (Graphs courtesy of WorldTopIncomesDatabase, using data compiled by economists Facundo Alvaredo, Tony Atkinson, Thomas Piketty and Emmanuel Saez.) Seethisfor moreoninequality. —- … Seguir leyendo No, the Money HASN’T Gone to the 1% … It’s Gone to the .01%

—- Japan’scurrentaccountfirmlyinthe red // Sober Look Japan’s current account continues to deteriorate, with the December number coming in below expectations – hitting a new low. For the whole of 2013 Japan showed the lowest surplus on record. Source: Investing.com Energy imports and weaker yen continue to be the key culprits. Should oil prices rise further, the nation’s deficit could worsen. Bloomberg: – The yen’s slide … Seguir leyendo Japan’s current account firmly in the red

—- ECBparalysedbyGermancourtdecision as deflationthreatens // AmbroseEvans–Pritchard – Financeandbusinesscomments The ‘thunderbolt’ ruling on eurozone rescue policies by Germany’s top court marks a serious escalation of Europe’s governance crisis —- Shared via myfeedlyreader Seguir leyendo ECB paralysed by German court decision as deflation threatens

—- JaneD’Arista – TaperingofQuantitativeEasingIsThrowingEmergingMarketsintoChaos // NAKEDKEYNESIANISM From The Real News Network Emerging markets have been reeling since the beginning of the new year. The currencies and stock markets of Argentina, South Africa, Turkey, among other countries, have declined substantially, prompting their central banks to increase interest rates to stem the outflow of capital. The emerging-market rout, the worst start to a year on record, is … Seguir leyendo Jane D’Arista – Tapering of Quantitative Easing Is Throwing Emerging Markets into Chaos