Credit Writedowns

The emerging markets crisis has died down recently and we are resuming a normal bull market. That is bearish for gold. But when the emerging markets crisis heats up again due to the Chinese slowdown, a flight to safety will occur again.…

March manufacturing growth highest in three years - PMI - Independent.ie Eurozone unemployment refuses to budge from near-record highs - FT.com Manufacturing still 'too reliant' on domestic demand - Telegraph This makes no sense…

This isn’t a theme post. It is more like the posts I now do on Friday with a bunch of different ideas on important topics. But the underlying theme that interconnects the ideas is a deflationary-style slowdown. First, in Europe, the CPI is…

News links for 31 Mar 2014

News links for 29 Mar 2014

Private loan balances in the euro area continue to decline. Last month's drop of 2.2% from the previous year was worse than had been expected by economists.

The West has accepted Crimea’s annexation and will likely only increase sanctions if Russia goes further The Ukraine – IMF deal will put the Ukrainian economy through the wringer Russia’s economy is going to tank due to capital flight…

Technology BlackBerry Surprises With Fourth Quarter Results | TechCrunch Roku Will Be Your Future TV’s Operating System Bitcoin ID Verification Streamlined With Jumio's BISON Microsoft Paid Up To $150M To Buy Wearable Computing IP…

No one has denied that China was overdue for a credit shakeout due to the Chinese government’s desire to stem excess credit growth as the economy rebalances. The question has always been about how much of a shakeout Chinese policy makers…

News links for 27 Mar 2014