European Macro FundamentalsSlumpTo 3-MonthLows; StocksAtRecordHighs http://feedly.com/k/19RCWof While "hard" data has been scarce in the US thanks to the shutdown, werecentlynotedthatwhetlittlewehadrecentlyindicated notable weakness relative to the survey-based "soft" data. Goldman has, inthepast, indicatedhowlittleforecastingpowerthesoftsurvey data has inEurope and yet still, day after day we are treated to the herd of mainstream media types proclaiming that Europe is recovering and that their fundamentals have turned a corner. The … Seguir leyendo European Macro Fundamentals Slump To 3-Month Lows; Stocks At Record Highs

SpanishBadLoansSoarTo New RecordHigh http://feedproxy.google.com/~r/zerohedge/feed/~3/JLQHWTonYOI/story01.htm Despite the onslaught of confidence-inspiring flim-flam from leadership in Europe and a Spanish Prime Minister (and finance minister) desperate to distract with "soft" survey based data, the hard numbers keep coming in and keep getting worse and worse. The latest, seemingly confirming the IMF’s fearsome forecast that European banks face massive loan losses in the coming years, is Spain’s loan delinquency … Seguir leyendo Spanish Bad Loans Soar To New Record High

Parlamento Europeo: El “MadeinGermany” bajo presión | Presseurop.eu: actualidad europea, viñetas y revistas de prensa http://feedly.com/k/17RZaWx shared via http://feedly.com Seguir leyendo Parlamento Europeo: El “Made in Germany” bajo presión | Presseurop.eu: actualidad europea, viñetas y revis tas de prensa

TheLegacyofthe Club ofRome http://feedly.com/k/17RYy33 Hereis a writtenversionofthespeech I gaveatthemeetingheldinBucharestinoccasionofthe 20thanniversary ofthefoundationoftheRumaniansectionofthe Club ofRome (ARCoR), onOct 17, 2013. Itwas a somewhat formal reunion, so myspeechwas a little more formal than usual. Whatfollowsisnot a transcription, but a textversionwrittenfrommemory. Thanksto Mr. LiviuTudor, secretary general ofARCoR, to Mr. MugurIsarescu, president, andtoallthemembersofARCoRforhavinginvited me inthisoccasion. (Theimageaboveisfromlastyear’sARCoRmeeting, buttheone I amreportingaboutwasheldinthesameroominBucharest) Ladies and gentlemen, it is a privilege and a honor for me … Seguir leyendo The Legacy of the Club of Rome

MichaelKlare: Fossil Fuel Euphoria, Hallelujah, Oiland Gas Forever! http://feedly.com/k/H1ihbg ByMichaelKlare, a professorofpeaceandconflictstudiesatHampshireCollegeandtheauthor, mostrecently, ofTheRaceforWhat’sLeft. A documentarymovieversionofhisbookBloodandOilisavailablefromtheMedia EducationFoundation. CrosspostedfromTomDispatch For years, energy analysts had been anticipating an imminent decline in global oil supplies. Suddenly, they’re singing a new song: Fossil fuels growing scarce? Don’t even think about it! The news couldn’t be better: fossil fuels will become ever more abundant. And all that talk about climate … Seguir leyendo Michael Klare: Fossil Fuel Euphoria, Hallelujah, Oil and Gas Forever!

OctoberSeesBiggest Global LeadingIndicatorSlowdownInPastYear http://feedly.com/k/19Prg5x One of our favorite indicators of leading "global growth" is the Goldman swirlogram released each month, for two reasons: i) it succinctly summarizes on one chart what the near-term state of the global economy is, and ii) it is rather silly. Regardless of ii), the methodology does look at the entire assortment of available global leading indicators (which in the case … Seguir leyendo October Sees Biggest Global Leading Indicator Slowdown In Past Year