—- Venezuela DevaluesBolivarByAnother 44% ForSome, Still 600% HigherThanBlackMarketDueTo 50% Inflation // ZeroHedge Less than a year ago, Venezuela shocked the world when it launchedthe "firstnuke" in the ongoing currency wars (which despite having dropped off the front pages, have certainly not ended), by devaluing its currency, the Bolivar from 4.30 to the USD to 6.30, in the process crushing the profits of many companies that … Seguir leyendo Venezuela Devalues Bolivar By Another 44% For Some, Still 600% Higher Than Black Market Due To 50% Inflation

—- EmergingmarketsforcedtotightenbyUSandChinesemonetarysuperpowers // AmbroseEvans–Pritchard – Financeandbusinesscomments The global chain reaction resembles what happened in the East Asia crisis in 1997-1998 when domino effects swept the region —- Shared via myfeedlyreader Seguir leyendo Emerging markets forced to tighten by US and Chinese monetary superpowers

—- Zillow: Case-ShillerHousePriceIndexexpectedtoshow 13.5% year–over–yearincreaseinDecember // CalculatedRisk The Case-Shiller house price indexes for November were released today. Zillow has started forecasting Case-Shiller a month early – and I like to check the Zillow forecasts since they have been pretty close. It looks like another very strong month … From Zillow: Case-ShillerForecast: ApprieciationRemainsStrong The Case-Shiller data for November came out this morning, and based on this … Seguir leyendo Zillow: Case-Shiller House Price Index expected to show 13.5% year-over-year increase in December

—- ArgentinePricesSoarFollowing Peso DevaluationWhichOnlyBenefits 20% OfPopulation // ZeroHedge The big story last week was the rapid devaluation of the official Argentine Peso (abbreviated, perfectly enough, ARS) exchange rate, whichtumbledby 17% overnightfrom USDARS 6.8 to over 8.0, when the government decided to liberalize the exchange regime and "ease" capital controls, allowing citizens to purchase dollars in hopes of stabilizing the currency and halting the ongoing outflow … Seguir leyendo Argentine Prices Soar Following Peso Devaluation Which Only Benefits 20% Of Population

—- SocGen’sExuberant Response ToTheTurkishAction: "GovernorBasci, YouHaveAvoided A Domino Crisis InEM" // ZeroHedge SocGen, via analyst Benoit Anne, had an almost immediate reponse to the Turkish central bank’s shock and awe action. Here it is: HatsOffToTheCBRT The CBRT did not disappoint tonight. The CBRT just announced a massive 425bp rate hike. GovernorBasci, youhaveavoided a domino crisis inEM. The policy response to severe financial stability risks was … Seguir leyendo SocGen’s Exuberant Response To The Turkish Action: “Governor Basci, You Have Avoided A Domino Crisis In EM”

—- We Are SleepwalkingTowards A CashlessSociety —- Shared via myfeedlyreader Seguir leyendo We Are Sleepwalking Towards A Cashless Society