TheCreditBubbleIsNotOnlyBack, ItIs 94% BiggerThanIn 2007 http://feedly.com/k/18RsPPN If the Fed was worried about ‘froth’ in the markets earlier in the year, then this chart should have them panicking. Of course, as JimBullardnotedFriday, thereis no bubblebecauseeveryoneknowsthereis no bubble but judging by the massive surge in covenant-lite loan issuance, there is a bubble in forced demand for leveraged loans. At $188.7 billion, the 2013 issuanceofthesehighlyunsafeloans (whichhaveseenhugeinflowssincetheFedstartedtalkingtaperbackinMay) isalmostdoublethatofthepeakofthelastcreditbubblein 2007 … Seguir leyendo The Credit Bubble Is Not Only Back, It Is 94% Bigger Than In 2007

EUPMIUpbutEconomyStillFragile http://feedly.com/k/1eCIfQ9 FollowZeroHedgein Real-Time onFinancialJuice The Germans will be getting out the beer and drinking a double dose of the amber nectar not only because MuttiMerkel as she is known (otherwise known as ‘Mother’ Angela Merkel) was reelected on Sunday 22nd September, but also because new reports issued today show that the Eurozone is doing better than expected. Let’s just hope that it’s not going … Seguir leyendo EU PMI Up but Economy Still Fragile

Grecia : La fábrica de neonazis http://feedly.com/k/1eCIcUv Eleftherotypia, Atenas – Viñeta. Ver más. shared via http://feedly.com Seguir leyendo Grecia : La fábrica de neonazis

China PMIBeatsWithBiggest 2-Month Surge InAlmost 4 Years http://feedly.com/k/1eB8Rko Asian markets were quietly limping lower taking their lead from the US weakness on Friday but China’s flash PMI just printed above expectations and Japanese, Chinese, and US futures are getting a little lift. After priting below the official data for the last 5 months, the HSBC PMI is now firmly into ‘expansionary’ territory but perhaps the … Seguir leyendo China PMI Beats With Biggest 2-Month Surge In Almost 4 Years

Grecia: La cara oculta de Aurora Dorada http://feedly.com/k/17V8ufw Al día siguiente del funeral de Pavlos Fyssas, el rapero asesinado la noche del 17 al 18 de septiembre por un militante de Aurora Dorada, To Ethnos publica las “revelaciones sobre las secciones de asalto” del partido neonazi. Una expresión que hace referencia a las SA de Adolf Hitler. En una larga entrevista, un antiguo miembro de … Seguir leyendo Grecia: La cara oculta de Aurora Dorada

LatvianAdventures – NYTimes.com http://feedly.com/k/1ex858j shared via http://feedly.com Seguir leyendo Latvian Adventures – NYTimes.com

MortgageDelinquenciesHit New RecordHighInSpain; BuilderDefaultRateHits 29%; Recovery? Really? http://feedly.com/k/18IMm54 Readers know I have been extremely skeptical of reports that Spain is in some sort of economic recovery. For example, on September 18th I commented SpainonTracktoMeetBudgetTargetsSaysEconomyMinister; Data StronglySuggestsOtherwise RecoveryNonsense Today, more evidence is in that recovery talk is pure nonsense. Via translation from El Economista, please consider QuestionsRegardingtheBankingImprovement The widespread expectations that the Spanish banking has begun … Seguir leyendo Mortgage Delinquencies Hit New Record High In Spain; Builder Default Rate Hits 29%; Recovery? Really?