Guapo incoming… MeninBlackReturntoSpain; ECBComplainsofTooMuchLeeway; AlarmBells Ring "More TaxHikesComing" http://feedly.com/k/13Y1A8v MeninBlackReturn Via translation, La Vanguardia reports MeninBlackWill Examine BankBailoutonMonday A mission of experts from the International Monetary Fund (IMF) will arrive in Madrid on 16 September to discuss with government and private sector rescue progress and Spanish banking sector reform, reported a spokeswoman for the international institution. The IMF and inspectors from the European Commission and … Seguir leyendo Men in Black Return to Spain; ECB Complains of Too Much Leeway; Alarm Bells Ring “More Tax Hikes Coming”

IMFwarnsFranceonausterityoverkill – Telegraph http://feedly.com/k/13ZBoKD shared via http://feedly.com Seguir leyendo IMF warns France on austerity overkill – Telegraph

IMFfears China iscourtingfate as creditsoarsagain – Telegraph http://feedly.com/k/13YfaZx shared via http://feedly.com Seguir leyendo IMF fears China is courting fate as credit soars again – Telegraph

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RobertMurphygetsMises’sEpistemologyWrong http://feedly.com/k/1awi5ub Over at his blog, Robert Murphy is involved in a new Methodenstreit, and selectively quotes a passage from Mises that demonstrates that Murphy himself does not properly understand Mises’s epistemology: RobertMurphy, “Mises on A Priori Reasoning,” FreeAdvice, 12 September. That is underscored by this comment of his later in the post: “I was going to be snotty about it, but that would be … Seguir leyendo Robert Murphy gets Mises’s Epistemology Wrong

WhyYouShouldLearntoLovetheBrave New WorldofLowLiquidity http://www.nakedcapitalism.com/2013/09/why–you–should–learn–to–love–the–brave-new-world–of–low–liquidity.html The Financial Times reportedearlierthisweek (hat tip Scott) how banks are cutting the size of corporate bond trading desks and reducing the size of trading inventories, all as a result of big bad regulations. As a result, the banks would like us to know, investors might be hurt by a lack of liquidity! Horrors! The reporter, Tracy Alloway, is too savvy to … Seguir leyendo Why You Should Learn to Love the Brave New World of Low Liquidity

It’s China, it’sbadloans, andit’ssecuritisation http://ftalphaville.ft.com/2013/09/13/1632862/its-china-its–bad–loans–and–its–securitsation/ What could possibly go wrong? It looks increasingly likely that China is gearing up for another round of bad-loan cleansing with asset management companies seemingly beingpreparedforsome more NPLabsorption and a move towards what might be loosely termed market-based approaches to restructurings. It looks like this will include securitisation, which Chinese authorities have been dipping their toes back into since a … Seguir leyendo It’s China, it’s bad loans, and it’s securitisation