Portuguese Debt About to Implode? What About Spain?

—- PortugueseDebtAbouttoImplode? WhatAboutSpain? // Mish’s Global EconomicTrendAnalysis Is Portugal about ready to implode? That’s what one hedge fund manager believes. For now, interest rate action suggests otherwise. We will explore the case for implosion but first consider this chart of 10-year sovereign bonds. Portugal 10-YearSovereignDebtYield One certainly could have made a fortune plowing into 10-year Portuguese bonds. Does that mean Portugal is out of the … Seguir leyendo Portuguese Debt About to Implode? What About Spain?

Spanish Suicides Rise To Eight-Year High

—- Spanish Suicides RiseToEight–YearHigh // ZeroHedge Europe has an odd definition of recovery: we already knew that in Greece "recovery" means record high unemployment, an entire generation unable to find work, the return of neo-nazism, no ink with which to print tax forms, and even instances where people infectthemselveswithHIVtogetmedicalbenefits. That, and of course, soaring suicides. Now it is Spain’s turn. While the Iberian nation is … Seguir leyendo Spanish Suicides Rise To Eight-Year High

Spain’s Banco Popular Bad Loans Surge 20% QoQ (Most Ever) To Record High

—- Spain’s Banco Popular BadLoans Surge 20% QoQ (MostEver) ToRecordHigh // ZeroHedge As we draw ever closer to Europe’s date with disaster and the inevitable lifting of the kimono that Draghi’s supervision-driven stress tests appear to be, European banks are being forced to finally ‘fess up to the real state of their balance sheets. Confused at how bad macro data can be in Spain and … Seguir leyendo Spain’s Banco Popular Bad Loans Surge 20% QoQ (Most Ever) To Record High

Emerging Markets Contagion Starting to Hit Eurozone

—- EmergingMarketsContagionStartingtoHitEurozone // nakedcapitalism Emerging markets-related disruption continued overnight, as the Nikkei fell nearly 2%, pounded by the rise in the yen due to its status as a flight currency. Other Asian markets took a hit as well, with only Australia emerging relatively unscathed: And the stress is unlikely to abate any time soon. Despite South Africa, Argentina, and Turkey having moved up interest rates … Seguir leyendo Emerging Markets Contagion Starting to Hit Eurozone

Deutsche Bank: “We’ve Created A Global Debt Monster”

—- DeutscheBank: "We’veCreated A Global DebtMonster" // ZeroHedge Two observations on the latest thoughts by Jim Reid (DB’s best strategist by orders of magnitude): He is far more concerned by what is going on in China than any of the other noise around the world. And rightfully so. As wefirstshoweda few months ago, the money creation in China puts what all the other global central … Seguir leyendo Deutsche Bank: “We’ve Created A Global Debt Monster”

Japanese Stocks Tumble – Down 10% In 2014 Following Record Low China Services PMI

—- JapaneseStocksTumble – Down 10% In 2014 FollowingRecordLow China ServicesPMI // ZeroHedge USDJPY opened the evening under 102 with JPY holding its losses until aroun 1700ET when it broke back above the crucial level. S&P futuresandUSDJPYrecoupledfor a fewhours but are now decoupling faster than the Seahawks and Broncos (S&P -1pt, USDJPY +30 pips). The catalyst for the disconnect (which Japan’s Nikkei is also following) was … Seguir leyendo Japanese Stocks Tumble – Down 10% In 2014 Following Record Low China Services PMI

Who Are The Biggest Losers From The EM Crisis

—- Who Are TheBiggestLosersFromTheEM Crisis // ZeroHedge SomeveryrelevantobservationsfromLouisGaveofEvergreenGaveKal WhoWillTheEmergingMarkets Crisis AdjustAgainst? In last summer’s emerging market sell-off, India was very much at the center of the storm: the rupee collapsed, bond yields soared and equity markets tanked. The Reserve Bank of India responded by raising rates while the government introduced harsh restrictions on gold imports. Promptly, the Indian current account deficit shrank. So much so … Seguir leyendo Who Are The Biggest Losers From The EM Crisis

Democracy vs. Inequality

—- Democracyvs. Inequality // WhyNationsFail President Obama’s State of the Union address promised a renewed focus on economic inequality in the last two years of his administration. But many have already despaired about the ability of American democracy to tackle increasing economic inequalities. Indeed, wage and income inequality have continued to rise over the last four decades during both periods of economic expansion and contraction. … Seguir leyendo Democracy vs. Inequality

Genetic Engineering INCREASES Pesticide Use, DECREASES Crop Yield

—- GeneticEngineeringINCREASESPesticide Use, DECREASESCropYield // TheBigPicture GeneticEngineeringCompaniesPromisedReducedPesticide Use … But GE CropsHaveLedto a 25% IncreaseInHerbicide Use One of the main selling points for genetically engineered crops is that they would use substantially less pesticides than conventional crops. Because of that, and other, promises regarding GE crops, they have taken over much of the food crops in America. For example: Monsanto reports that – between 2008 … Seguir leyendo Genetic Engineering INCREASES Pesticide Use, DECREASES Crop Yield