DrivingOnPortugal’sGhostRoads: TrafficCrashesBy 68% InFirstQuarter http://feedly.com/k/1dlSOHw While Portuguese bond spreads suggest all-is-well, stocks rally, and the nation’s leaders proclaim the worst is over, there is a hard-to-manipulate statistic that should shock many about the truly dismal state of the troubled nation. As TheFTreports in the brief clip, Portugueseroad-trafficfell 50% in 2012, and a stunning 68% in Q1 2013. Not only does this expose the deepening of … Seguir leyendo Driving On Portugal’s Ghost Roads: Traffic Crashes By 68% In First Quarter

Despite "Austerity" GreekDebtIsRisingAtItsFastestRateSinceMarch 2010 http://feedly.com/k/1diBYsc The total amount of Greekgovernmentdebtoutstanding has grown so muchoverthelast 15 monthsthatit has retracedover 60% ofthe ‘haircut’-basedreductionand has jumped a stunning 14.5% inthatperiod. As KeepTalkingGreece notes, this is despite three years of strict austerity measures, incredible taxes and a debt haircut of 53% (~100billion euros in March 2012). As ToVimareports, Greek debt stands at EUR 321 billion, which is considerably higher … Seguir leyendo Despite «Austerity» Greek Debt Is Rising At Its Fastest Rate Since March 2010

SocGen’sShockingOilForecast: $150 Upside; $125 Base Case FollowingSyrianAttack "Within A Week" http://feedly.com/k/16Pt7t3 If SocGen is right in its just released oil price forecast in a "Syrianwarworld", then the global economy is about to undergo an apoplectic shock the likes of which have not been seen since the summer of 2008, when Lehman brothers had to be taken under to generate the deflationary shock sending crude from … Seguir leyendo SocGen’s Shocking Oil Forecast: $150 Upside; $125 Base Case Following Syrian Attack «Within A Week»

Todo a punto para una crisis mucho peor que la asiática de los 90. Y mientras por aquí siguen hablando de recuperación sin entender absolutamente nada. Crude Breaks ThroughAnAsian Sea Of Red To 27 MonthHigh http://feedly.com/k/1dlQkYR UPDATE 2: INR at 68.00 (-3.25% – biggest single-daydropsinceSept 1995) and WTI Crude at $112.00 — BNPParibasCuts India FY14 GDPEst. to 3.7% From 5.2%) — *INDIA RUPEE DROPS 19.2% … Seguir leyendo Crude Breaks Through An Asian Sea Of Red To 27 Month High

IndianRupeeCollapsesByMostInOver 20 Years http://feedly.com/k/17ePomE From a weak open, the Indian Rupee has now plunged a stunning 3.88% today. This is the largest single-day drop in the Rupee’s value since March 1993. The Indian people have lost 30% oftheir global purchasingpowersinceJanuary 2013 (thoughthosewhoswappedtheirpaperwealthtogoldhaveseentheirpurchasingpowerrise 6% inRupeeterms). With Gold in Rupees about to break its all-time high, it would seem the government has littlechoicebuttoleaseitsgold (no matterhowmuchtheyexclaimthatisnottrue). shared via … Seguir leyendo Indian Rupee Collapses By Most In Over 20 Years

La situación sigue pudriéndose en los emergentes Brazil’s real defencefalters as Fedleavesemergingmarketstotheirfate – Telegraph http://www.telegraph.co.uk/finance/economics/10267169/Brazils-real-defence–falters-as-Fed–leaves–emerging–markets–to–their–fate.html shared via http://feedly.com Seguir leyendo Brazil’s real defence falters as Fed leaves emerging markets to their fate – Telegraph