—- JapaneseStocksTumble – Down 10% In 2014 FollowingRecordLow China ServicesPMI // ZeroHedge USDJPY opened the evening under 102 with JPY holding its losses until aroun 1700ET when it broke back above the crucial level. S&P futuresandUSDJPYrecoupledfor a fewhours but are now decoupling faster than the Seahawks and Broncos (S&P -1pt, USDJPY +30 pips). The catalyst for the disconnect (which Japan’s Nikkei is also following) was … Seguir leyendo Japanese Stocks Tumble – Down 10% In 2014 Following Record Low China Services PMI

Los ancap suelen preguntarse “¿y quién decide qué se debe controlar y qué no?” Hay que pensar que no es una pregunta trivial, y hay dos reflexiones importantes a este respecto. La primera es que la tendencia a gobernar sobre amplios aspectos de la vida social por alguien que tenga un monopolio o quasi-monopolio de la violencia es inevitable, lo que hace que el proyecto … Seguir leyendo Democracia o Barbarie

—- Who Are TheBiggestLosersFromTheEM Crisis // ZeroHedge SomeveryrelevantobservationsfromLouisGaveofEvergreenGaveKal WhoWillTheEmergingMarkets Crisis AdjustAgainst? In last summer’s emerging market sell-off, India was very much at the center of the storm: the rupee collapsed, bond yields soared and equity markets tanked. The Reserve Bank of India responded by raising rates while the government introduced harsh restrictions on gold imports. Promptly, the Indian current account deficit shrank. So much so … Seguir leyendo Who Are The Biggest Losers From The EM Crisis

—- Democracyvs. Inequality // WhyNationsFail President Obama’s State of the Union address promised a renewed focus on economic inequality in the last two years of his administration. But many have already despaired about the ability of American democracy to tackle increasing economic inequalities. Indeed, wage and income inequality have continued to rise over the last four decades during both periods of economic expansion and contraction. … Seguir leyendo Democracy vs. Inequality