—- 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”

—- Are emergingmarketsgoingtocollapse? Whyis Dr. Doomwrong // NAKEDKEYNESIANISM The series of devaluations in the currencies of a few developing countries (I prefer the term to the one in the title, which became popular in the 1990s, when Neoliberal policies required selling bonds in international financial markets, and, hence, emerging markets sounded more marketable than underdeveloped country) has led to a lot of speculation about the … Seguir leyendo Are emerging markets going to collapse? Why is Dr. Doom wrong

—- Causes ofEurozoneexternalimbalances // VoxEU.org: RecentArticles External imbalances within the Eurozone grew substantially between the introduction of the euro in 1999 and the global financial crisis of 2008–09. Using new empirical evidence, this column argues that imbalances in the Eurozone periphery were mainly driven by a domestic demand boom, triggered by greater financial integration, with changes in the periphery’s competitiveness playing only a minor role. … Seguir leyendo Causes of Eurozone external imbalances