Thepeakinworldoilproductionisyetto come http://feedly.com/k/14Tfaga World oil production stagnated between 2005 and 2007, which given rapid growth in demand from emerging economies . Some observers suggested that production might never rise much above the levels seen in 2005. Among those who raised this possibility, two of the more thoughtful have changed their mind. Euan Mearns last month summarized what he saw as three (or four) nailsinthecoffinofpeakoil. And … Seguir leyendo The peak in world oil production is yet to come

BIS veteransays global creditexcessworsethanpre-Lehman – Telegraph http://feedly.com/k/1bkUCPx shared via http://feedly.com Seguir leyendo BIS veteran says global credit excess worse than pre-Lehman – Telegraph

Huy, huy… ConsumerConfidenceCollapses – BiggestMissOnRecord http://feedly.com/k/18ZkURj Thisisthefirstconsecutivemonthlydropin 14 monthsandthelargestmissvsexpectationsonrecord. Printing at 76.8 (against an expectation of 82.0), this is the lowest in 5 months and points to the picture we have been painting of a consumer increasingly affected by rising rates and soaring gas prices amid stagnant incomes. As Citi notes below, this is the exact same pattern we have seen play out in the … Seguir leyendo Consumer Confidence Collapses – Biggest Miss On Record

DidCapitalismFail? http://feedly.com/k/13WTHjy Regulators, bankers, and rating agencies bear much of the blame for the 2008 crisis. But the near-meltdown was not so much a failure of capitalism as it was a failure of contemporary economic models’ understanding of the role and functioning of financial markets – and, more broadly, instability – in capitalist economies. shared via http://feedly.com Seguir leyendo Did Capitalism Fail?

PIIGSBondsGetSlaughteredAtClose http://feedly.com/k/13ZC6HO PortugueseandItaliansovereignbondspreadshaverisenforfourweeksin a row now (with Portugal +29bps this week alone and near 2013 wides) but the close today was unusual in its agression. Portugal had been blowing wider since yesterday, but minutes beforetheclosetoday, SpainandItalywereslammedhigherinyield/spreadandlowerinprice (BMPS unwinding?) Of course European stocks didn’t care – Greece up 5.6% on the week, Spain +3.3%, Italy +3%… "fixed" 4th week in a row that EU bond spreads … Seguir leyendo PIIGS Bonds Get Slaughtered At Close

India HousingBubbleBursts; PanicComingNext http://feedly.com/k/15qrfaT On August 1, in India HousingBubbleStillExpanding I posted a series of charts by Deepak Shenoy, an economic blogger at Capital Mind in India. Those charts showed the bubble in India was alive and growing. Here is one of the charts and a small bit of commentary …. As of March 2013, Prices have more than doubled since 2009. The All-India Index … Seguir leyendo India Housing Bubble Bursts; Panic Coming Next