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

WEO 2013: Anuncio de curvas peligrosas http://feedly.com/k/1a5Kc4v Queridos lectores, El 12 de Noviembre salió la edición de 2013 del World Energy Look (WEO 2013) que cada año publica la Agencia Internacional de la Energía (AIE), con su correspondiente presentación a la prensa. La mayoría de los diarios españoles han puesto el foco en aspectos banales de esta presentación, aunque algunos diarios como el Financial Times … Seguir leyendo WEO 2013: Anuncio de curvas peligrosas

Warning: StockMarketMargin (Borrowing) ReachesAll-Time High http://feedly.com/k/1aGTAre ByMichaelLombardi, ProfitConfidential: More and more time-proven stock market indicators scream “Danger!” Investors are too bullish, an omen of lower stock prices ahead. The higher this market gets, I question how bad the sell-off is going to be when it finally hits. shared via http://feedly.com Seguir leyendo Warning: Stock Market Margin (Borrowing) Reaches All-Time High

ECBreadytoprint, Germanyreadytoscream http://feedly.com/k/HVuvCK The doves are seizing control of the European Central Bank. They are already laying the ground work for a blitz of Anglo-Saxon QE, whatever the Germans, Dutch, Austrians, and Finns (?) have to say about such wicked Latin conduct. Welcome to the next fascinating phase of the EMU opera buffa, opera tragica. The ECB’s Peter […] shared via http://feedly.com Seguir leyendo ECB ready to print, Germany ready to scream

TradeDeficitincreasedinSeptemberto $41.8 Billion http://feedly.com/k/174Djz2 The Department of Commerce reported this morning: [T]otal September exports of $188.9 billion and imports of $230.7 billion resulted in a goods and services deficit of $41.8 billion, up from $38.7 billion in August, revised. September exports were $0.4 billion less than August exports of $189.3 billion. September imports were $2.7 billion more than August imports of $228.0 billion. The trade … Seguir leyendo Trade Deficit increased in September to $41.8 Billion

Spain’sBankingWoes – GoingfromBadtoWorse http://feedly.com/k/1hHERWF MortgageDelinquenciesSweptUndertheRug Back in August of 2012 we wrote about “Spain’sCuriouslyLowMortgageDefaults” and noted that the CEO of Santander essentially accused doubters of being retards. Here is how he explained the phenomenon at the time: “JPMorganChase & Co. (JPM), the world’s largest bond underwriter, predicts that Spanish mortgage arrears will surge as unemployment rises. That’s also the view from the international debtmarket, which … Seguir leyendo Spain’s Banking Woes – Going from Bad to Worse

El número de altos cargos de la Empresa Municipal de Transportes de la capital se ha incrementado notablemente en los últimos años. La sección sindical de UGT ha identificado hasta 70 ‘paracaidistas’, personas colocadas a dedo, muchas con vínculos con el PP o lazos personales con la dirección, que cuestan a la empresa 4 millones anuales. La irrupción de ‘jefes’ de fuera ha provocado un … Seguir leyendo Amigos, parientes, militantes… La EMT, un refugio para ‘enchufados’ del PP de Madrid