—- 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