SpanishFinMin "Concerned" As PublicDebt Surges To New Record http://feedly.com/k/1aXPhO6 Spain’spublicdebtclimbedsharplyinSeptemberto a new recordhighof 954.863 billion euros, casting doubt about the government’s ability to meet its target for the end of the year. Even financeministerCristobalMontoroacknowledgedthat "there are concernsaboutthe pace oftheincrease," adding that this meant bringing down the public deficit even more of a priority. As El Paisreports, according to figures released Friday by the Bank of … Seguir leyendo Spanish FinMin “Concerned” As Public Debt Surges To New Record

Madrid BuriedInTrash As GarbagemenStrikeContinuesFor 10th Day http://feedly.com/k/1eVCDAR The trouble with proclaiming ‘victory’ over the crisis in Spain (read the whole of Europe) and the ECB enabling governments profligacy with the ghost of OMT future is that it merely emboldens. As Al Jazeerareports, Madrid’sgarbagecollectorshavebeenonstrikesinceNovember 5 toprotestlayoffsandpaycuts. With garbage piling up on the streets of Madrid, the mayor issued private trash-collecting companies an ultimatum on Wednesday: end … Seguir leyendo Madrid Buried In Trash As Garbagemen Strike Continues For 10th Day

Bélgica: “La extrema derecha concluye un acuerdo secreto” http://feedly.com/k/HXHIv2 “En un hotel en Viena en la más absoluta intimidad”, varios partidos de extrema derecha europeos, como el Vlaams Belang belga, el Frente Nacional francés (FN), el Partido de la Libertad (PVV) holandés, el Partido de la Libertad (FPÖ) austriaco y la Liga Norte italiana, redactarán este 15 de noviembre un texto conceptual de cooperación, anuncia … Seguir leyendo Bélgica: “La extrema derecha concluye un acuerdo secreto”

RBS: "TheFedIsNowResponsibleForMonetizing A Record 70% OfAllNetBondSupply" http://feedly.com/k/1fCaKeS The following statement and chart from the RBS’ Drew Brick pretty much explains it all: "QE has seen the Fed extend its dominion on the US curve away from the short-end and into longer duration paper is patent, too. On a rolling six-month average, in fact, theFedisnowresponsibleformonetizing a record 70% ofallnetsupplymeasuredin 10y equivalents. Thisrepresents a relianceontheFedthatisgreaterthaneverbeforeinhistory!" shared via … Seguir leyendo RBS: “The Fed Is Now Responsible For Monetizing A Record 70% Of All Net Bond Supply”

GoldSpikes, USD DumpsOnYellenomics http://feedly.com/k/HVRg9G After spending a day ignoring the reality of moar money printing, it seems ‘natural’ non-algo forces released Gold and it is spiking after hours. The USD is fading further, stocks soaring moarer, and treasury yields tanking… shared via http://feedly.com Seguir leyendo Gold Spikes, USD Dumps On Yellenomics

Anoilcrashisonitswayandweshould be ready http://feedly.com/k/1aGVU1n New Scientist has a rather pessimistic article by Jeremy Leggett on peak oil and related topics – Anoilcrashisonitswayandweshould be ready. FIVE years ago the world was in the grip of a financial crisis that is still reverberating around the globe. Much of the blame for that can be attributed to weaknesses in human psychology: we have a collective tendency to be … Seguir leyendo An oil crash is on its way and we should be ready

QEeenYellen’sTestimonyPreview http://feedly.com/k/1aGVPuE It would appear that much of the rally yesterday (and early overnight) was driven by hope (and confirmed relief) that Fed chair nominee Yellen is not about to take on a substantially less-dovish tone in today’stestimony in an effort to garner the support of the more hawkish elements of the Senate Banking Committee. There was a great deal of confirmation bias in the … Seguir leyendo QEeen Yellen’s Testimony Preview