—- Spanish ‘Anti–Austerity‘ Protesters "SickOfThisSystemTheyCallDemocracy" // http://feeds.feedburner.com/zerohedge/feed "I’m heretofightformychildren’sfuture," exclaims one father as Spaniards rallied in Madrid against poverty and EU-imposed austerity. As Reuters reports, the largely peaceful protest later marredbyviolentclashesinwhichpolicefiredrubberbullets. The so-called "Dignity Marches" brought hundreds of thousands to the capital with banners making it clear what their feelings about record 26% unemployment were – "Bread, jobs and housing for everyone" and "Corruption and … Seguir leyendo Spanish ‘Anti-Austerity’ Protesters “Sick Of This System They Call Democracy” feedly

—- Copper & YuanTumble As China ManufacturingPMIDropsToLowestIn 8 Months, Output Plunges // http://feeds.feedburner.com/zerohedge/feed HSBC’s Flash China Manufacturing PMI printed at 48.1 (against a hope-strewn 48.7 bounce expectation). This is the lowest in 8 months and among the lowest prints since Lehman. Even the usually silver-lining-seeing HSBC Chief economist had little positive to add, "weaknessisbroad-basedwithdomesticdemandsofteningfurther." Early strength in CNY, stocks, and copper is eroding fast. Across … Seguir leyendo Copper & Yuan Tumble As China Manufacturing PMI Drops To Lowest In 8 Months, Output Plunges feedly

—- http://read.feedly.com/html?url=http%3A%2F%2Feuanmearns.com%2Fpost-peak–algeria%2F&theme=white&size=medium —- Shared via myfeedlyreader Seguir leyendo Peak oil Algeria

—- ChineseStocksEnterBearMarketFollowing 2 More DefaultsOvernight // http://feeds.feedburner.com/zerohedge/feed Following the defaultof 2 more corporationslastnight, HangSeng’sindexof China Enterprisesplungedto 8-monthlowsandofficiallyenteredbearmarketterritory. Overnight angst in the Chinese currency markets (which saw the Yuan trade back to 1-year lows) has sparked broad commodity weakness (as CCFD unwinds en masse) with coppergivingbackmostofyesterday’smajorshortsqueezegainsback. Chinese corporate bond prices also tumbled to one-month lows. Hang Seng’s China Enterprise Index (the most liquid vehicle for trading … Seguir leyendo Chinese Stocks Enter Bear Market Following 2 More Defaults Overnight feedly

—- 70 economistspetitionforanimmediatePortuguesedebtrestructure // YanisVaroufakis While Frankfurt-Berlin-Brussels are in full spin mode on Portugal, pretending that the fiscal consolidation program was successful and the country is about to exit its bailout (a little like exiting the frying pan to land in the fire itself), the bitter reality is that Portugal’s public debt is out of control, its labour market in […] —- Shared via myfeedlyreader Seguir leyendo 70 economists petition for an immediate Portuguese debt restructure feedly

—- DroppingLikeFlies: LargestSteelMakerInChina’sShanxiProvinceDefaultsOnCNY 3 BillionInDebt // http://feeds.feedburner.com/zerohedge/feed When we started discussing the upcoming onslaught of corporate defaults in "Minsky Moment" China, now that the bankruptcy seal has been broken, we warned that the worst is about to come. Well, it’s coming. Overnight, Hong Kong’s TheStandardreportedthat in addition to the solar, coal and real-estate developer companies that are on everyone’s radar as potential future bankruptcy candidates, … Seguir leyendo Dropping Like Flies: Largest Steel Maker In China’s Shanxi Province Defaults On CNY 3 Billion In Debt feedly

—- CopperPlungesToFresh 5-YearLow // http://feeds.feedburner.com/zerohedge/feed Asweexplainedingreatdetailyesterday, the selling in commodities is far from over. The extent of China’s commodity-backed-financing is only now beginning to be understood and forced sales (along with the vicious circle of collapsing collateral values and increasingly tightening credit) are hard to stop for a government set of reform. Copperpriceswereheavyovernightin Asia butthismorning has seenfuturesplungeonheavyvolumebelow $289 – thelowestsinceJuly 2009– breaking key support levels. … Seguir leyendo Copper Plunges To Fresh 5-Year Low feedly

—- BankofEnglandResearchPaperonEndogenousMoney // Social Democracyforthe 21st Century: A Post KeynesianPerspective A very interesting research paper called “Money Creation in the Modern Economy” has recently been published in the Bank of England’s QuarterlyBulletin (2014 Q1). This paper is notable for its endorsement of endogenous money theory and its citations of Post Keynesian literature. You can get the research paper and a shorter topical article here: MichaelMcLeay, … Seguir leyendo Bank of England Research Paper on Endogenous Money feedly

—- ShellOil: USFracking “Revolution” A MoneyLoser // TestosteronePit By Daniel Graeber: Shell is already steeped in its Alaska offshore debacle. Now its new boss admitted that fracking in the US, after a huge investment, is a money-losing business. —- Shared via myfeedlyreader Seguir leyendo Shell Oil: US Fracking “Revolution” A Money Loser feedly

—- With 79% Turnout, ExitPollsConfirm 93% OfVotersBackCrimeaJoiningRussia // http://feeds.feedburner.com/zerohedge/feed With a voterturnout (79.09%) thatexceededeveryUSPresidentialelectionsince 1900, the people of Crimea have spoken: *CRIMEAJOININGRUSSIABACKEDBY 93% OFVOTERS: EXITPOLL Ukraine’s leaders have called up 20,000 men for a newly-created National Guard as despite the so-called "truce" Russian APCs and Tanks are rolling. Pro-Russian supporters are burning books in Donetsk after storming anti-Russian buildings. ExitpollbyCrimea-based Republican InstituteforPoliticalandSociologicalStudiesreleasedbyKryminformnewsservice.93% ofvotersbackjoiningRussia: exitpoll Exit … Seguir leyendo With 79% Turnout, Exit Polls Confirm 93% Of Voters Back Crimea Joining Russia feedly