—- Turkish Lira DumpsAfter S&P Warns, CutsTurkishOutlook // ZeroHedge Having benefited from the earlier QE-un-taper hope, the Turkish Lira is dropping rapidly following the move by S&P to put Turky on negative outlook: *TURKEY’SOUTLOOKTONEGATIVEFROMSTABLEBY S&P*S&P SEESRISKSOFHARDECONOMICLANDINGINTURKEY Furthermore, the ratings agency raising questions over the Central Bank: *TURKEYSUFFERINGEROSIONOFGOVERNANCESTANDARDS, S&P SAYS*TURKEYSUFFERINGEROSIONOFCHECKSAND BALANCES, S&P SAYS*CONSTRAINTSONTURKEYCENBANKINDEPENDENCE: S&P. EM Un-fixed. —- Shared via myfeedlyreader Seguir leyendo Turkish Lira Dumps After S&P Warns, Cuts Turkish Outlook

—- China ServicesPMISlidesToLowestSinceAug 2011; 2nd LowestOnRecord // ZeroHedge At 50.7, HSBC’s China ServicesPMIis 0.1 aboveitspreviousrecordlowfromAugust 2011. In contrast to the manufacturing side of the economy – which lost jobs at the fastest rate since March 2009 – the services side saw a modest rise in employment but, as HSBC notes, as part of efforts to boost sales, both manufacturers and service providerscuttheirsellingpricesinJanuaryatthestrongestrateofdiscountingsinceJune 2012. The backlog … Seguir leyendo China Services PMI Slides To Lowest Since Aug 2011; 2nd Lowest On Record

—- 28 SignsThatTheMiddleClassIsHeadingTowardsExtinction // ZeroHedge SubmittedbyMichaelSnyderofTheEconomicCollapseblog, The deathofthemiddleclassinAmerica has become so painfullyobvious that now even the New York Times isdoingstoriesaboutit. Millions of middle class jobs have disappeared, incomes are steadily decreasing, the rate of homeownership has declined for eight years in a row and U.S. consumers have accumulated record-setting levels of debt. Being independent is at the heart of what it means to be "middle … Seguir leyendo 28 Signs That The Middle Class Is Heading Towards Extinction

—- "FuckTheEU" – USStateDepartmentBlastsEurope; Revealed As AllegedMastermindBehindUkraineUnrest // ZeroHedge A leaked recording of a telephone conversation allegedly between USassistantsecretaryofstate Victoria NulandandtheUSenvoytotheUkraine, GeoffreyPyattdiscussingwhoshould be inUkraine’snextgovernment has, accordingtoTheFT, threatened to fuel east-west tensions over the troubled nation’s future. In apparent frustration with the EU – which has failedtojointheUSinthreateningsanctionsagainstUkraine’sleadersiftheyviolentlycrushtheprotests – the voiceresemblingMsNulandatonepointexclaims "FucktheEU". As the two US diplomats decide whether "Klitsch" or "Yats" should be ‘in’ or ‘out’, … Seguir leyendo “Fuck The EU” – US State Department Blasts Europe; Revealed As Alleged Mastermind Behind Ukraine Unrest

—- AbenomicsDisaster: Japan Regular WagesFallFor 19 ConsecutiveMonths; Real WagesDropTo 16 YearLow // ZeroHedge For the past year Abenomics has gotten the "get out of a jail free" card because while the plunging yen was crushing Japanese purchasing power, and sending nominal regular wages ever lower, at least the stock market was higher so (some of the) locals could delude themselves they are getting richer, if … Seguir leyendo Abenomics Disaster: Japan Regular Wages Fall For 19 Consecutive Months; Real Wages Drop To 16 Year Low

—- TurkishGovernmentRestricts Internet Access; ErdoganComparedToHitler // ZeroHedge "RememberthatAdolfHitlerusedthesamemethodswhen he rose topower," opposition leader Hasan Oren blasts as Turkish PM Erdogan as the Turkish parliament has approved a bill that would tighten government controls over the internet. As TheBBCreports, the new law allows the governmenttoblock websites withoutfirstseeking a courtruling. "Nowyou are implementingfascism," Oren goes on, despite promises of "enhancing democracy in Turkey" when Erdogan was elected. … Seguir leyendo Turkish Government Restricts Internet Access; Erdogan Compared To Hitler

—- ArgentineBankingSystem Archives DestroyedByDeadlyFire // ZeroHedge While we are sure it is a very sad coincidence, on the day when Argentina decrees limits on the FX positions banks can hold and the Argentine Central Bank’s reserves accounting is questioned publically, a massive fire – killing 9 people – has destroyed a warehousearchivingbankingsystemdocuments. As TheWashington Post reports, the fire at the Iron Mountain warehouse (whichpurportedlyhadmultipleprotectionsagainstfire, includingadvancedsystemsthat … Seguir leyendo Argentine Banking System Archives Destroyed By Deadly Fire

—- BNPWarns "TheRunOnUkrainianDepositsMayHaveAlreadyStarted" // ZeroHedge "It is absolutely impossibletoforecast" Ukraine’sexchangerate, BNP Paribas notes in an ominous report today. Considering Ukraine’s huge need to cover its current account deficit, the country is increasingly reliant on financial inflows – and these will be difficult to secure. The Hyrvnia has collapsed this morninng to 9.00 back near December 2008 lows as BNP warns "TheNBU faces a difficulttask: letthe … Seguir leyendo BNP Warns “The Run On Ukrainian Deposits May Have Already Started”