We Are Sleepwalking Towards A Cashless Society
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World Markets React To Turkey’s 425bps Rate Hike
—- WorldMarketsReactToTurkey’s 425bps RateHike // ZeroHedge Judging by the reactionfromSocGen and JPY crosses (and thus global equity markets), the Turkish Central Bank’s decision – totightenakaubertaper– has solved all the tapering, tantruming, turmoiling problems in markets. TRY obviously dumped on the news (now at 2.18 -2100 from highs). JPYcrossesinstantlyexplodedhigher, automaticallyliftingUS (Dow +60) andJapanese (NKY +110) stockfuturesmarketsbeforetheyclosed. Gold fell very modestly ($1). JPY continued to weaken and … Seguir leyendo World Markets React To Turkey’s 425bps Rate Hike
Hollande Plays “Mother May I”; Mish’s 5 Giant Scissor Steps Proposal; Foreign Investment in France Falls 77%
—- HollandePlays "MotherMay I"; Mish’s 5 GiantScissorStepsProposal; ForeignInvestmentinFranceFalls 77% // Mish’s Global EconomicTrendAnalysis With bloated labor costs, pension requirements, labor rules, strikes, CEOs held hostage (literally), and overall union inefficiencies, it’s no wonder ForeignInvestmentinFranceFell 77% in 2013. Releasing its first estimates for 2013 Tuesday, the United Nations Conference on Trade and Development said that while foreign investment in the European Union increased from 2012, inflows … Seguir leyendo Hollande Plays “Mother May I”; Mish’s 5 Giant Scissor Steps Proposal; Foreign Investment in France Falls 77%
Turkey hikes, aggressively
—- Turkeyhikes, aggressively // FTAlphaville *TURKEY’S CENTRAL BANK RAISES OVERNIGHT BORROWING RATE TO 8.00% *TURKEY’S CENTRAL BANK RAISES OVERNIGHT LENDING RATE TO 12.00% *TURKEY’S CENTRAL BANK RAISES BENCHMARK REPO RATE TO 10.00% The overnight lending rate had been 7.75 per cent, the borrowing rate was 3.5 per cent and the repo rate 4.5 per cent. So — just a tad aggressive… Continuereading: Turkeyhikes, aggressively —- … Seguir leyendo Turkey hikes, aggressively
Un traje a rayas – Economía Directa 28-1-2014
Hoy hablamos sobre la crisis cambiaria en los países emergentes y sobre el contagio a otros países que se está produciendo, sobre las últimas noticias sobre la banca y, muy especialmente, sobre el comportamientos de los banqueros españoles, sobre el fracaso de la reforma laboral y sobre las últimas encuestas electorales y si reflejan alguna expectativa de cambio debido a la entrada de nuevos actores como VOX o … Seguir leyendo Un traje a rayas – Economía Directa 28-1-2014
China’s Fake Export Numbers Under Close Scrutiny
—- China’sFakeExportNumbersUnderCloseScrutiny // Mish’s Global EconomicTrendAnalysis China’s export numbers are so unbelievable that even mainstream media doesn’t believe them. Bloomberg has the story correct, but its title could use a bit more punch. Please consider China TradePuzzleRevived as HongKong Data Diverge China’s trade numbers, distorted by fake exports last year, are set to come under renewed scrutiny after a discrepancy between Hong Kong and Chinese … Seguir leyendo China’s Fake Export Numbers Under Close Scrutiny
Expoliando la olla – Polinomia 27-1-2014
Hoy hablamos sobre el aumento de la pobreza en España y sobre las inquietantes estadísticas que afirman que un trabajo podría no ser suficiente para ganarse la vida. También hablamos sobre cómo han vivido durante todos estos años los hijos de los castuzos, los castucillos, consiguiendo becas y trabajos gracias a su apellido y la posición social de sus padres. El criterio onomástico, ya saben. … Seguir leyendo Expoliando la olla – Polinomia 27-1-2014
Problemas en los emergentes – Economía Directa 27-1-2014
Hoy dedicamos el programa a hablar sobre los anunciados problemas en los países emergentes que parece, que finalmente, comienzan a salir a la luz muy especialmente en Argentina, Turquía o Brasil, así como en otros países como China, y analizamos el origen de estos problemas. También hablamos sobre los últimos datos económicos de España. Con Chus Marcano, Antonio Espín, Carlos Sánchez Mato y Carlos Muñiz. Conduce … Seguir leyendo Problemas en los emergentes – Economía Directa 27-1-2014
Why Shale Oil Boosters Are Charlatans In Disguise
—- WhyShaleOilBoosters Are CharlatansInDisguise // ZeroHedge Something has bothered me of late: why is the price of crude oil still elevated? Other commodities have taken a battering since 2011. Gold, copper and iron ore – all are way down off their peaks. But oil has seemingly defied gravity. And that’s despite increased supply from shale oil in the U.S., still soft demand particularly in the … Seguir leyendo Why Shale Oil Boosters Are Charlatans In Disguise
Citi Warns The Greatest Monetary Experiment In The History Of The World Is Being Wound Down
—- CitiWarnsTheGreatestMonetaryExperimentInTheHistoryOfTheWorldIsBeingWoundDown // ZeroHedge As Citi’s Tom Fitzpatrick, a number of local market currencies are increasingly coming under pressure and look likely to fall even further. Whether this will turn into a dynamic as severe as 1997-1998 in unclear; however, at minimum Citi believes the “change in course” by the Fed in December (guided since May) has become a “game changer” for the EM World. … Seguir leyendo Citi Warns The Greatest Monetary Experiment In The History Of The World Is Being Wound Down