—- Spain’s Banco Popular BadLoans Surge 20% QoQ (MostEver) ToRecordHigh // ZeroHedge As we draw ever closer to Europe’s date with disaster and the inevitable lifting of the kimono that Draghi’s supervision-driven stress tests appear to be, European banks are being forced to finally ‘fess up to the real state of their balance sheets. Confused at how bad macro data can be in Spain and … Seguir leyendo Spain’s Banco Popular Bad Loans Surge 20% QoQ (Most Ever) To Record High

—- EmergingMarketsContagionStartingtoHitEurozone // nakedcapitalism Emerging markets-related disruption continued overnight, as the Nikkei fell nearly 2%, pounded by the rise in the yen due to its status as a flight currency. Other Asian markets took a hit as well, with only Australia emerging relatively unscathed: And the stress is unlikely to abate any time soon. Despite South Africa, Argentina, and Turkey having moved up interest rates … Seguir leyendo Emerging Markets Contagion Starting to Hit Eurozone

—- DeutscheBank: "We’veCreated A Global DebtMonster" // ZeroHedge Two observations on the latest thoughts by Jim Reid (DB’s best strategist by orders of magnitude): He is far more concerned by what is going on in China than any of the other noise around the world. And rightfully so. As wefirstshoweda few months ago, the money creation in China puts what all the other global central … Seguir leyendo Deutsche Bank: “We’ve Created A Global Debt Monster”

La Comisión Europea ha reclamado a España medidas para una mayor vigilancia de la financiación de los partidos políticos Bruselas considera insuficiente la futura Ley de Transparencia porque carece de mecanismos independientes control La Comisión Europea ha reclamado este lunes a España que tome medidas para una mayor vigilancia de la financiación de los partidos políticos para detectar irregularidades y que refuerce el régimen de sanciones, como … Seguir leyendo La UE tacha de insuficiente la nueva ley española de transparencia porque carece de órganos independientes de control

—- 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