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A World of Debt
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The Argentina Debt Case

The Argentina Debt Case | A World of Debt | Scoop.it
The Supreme Court's refusal to consider an appeal to uphold Argentina's debt restructuring could undermine the system of cross-border debt.
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Egypt Raises Fuel Prices 78% Overnight

Egypt Raises Fuel Prices 78% Overnight | A World of Debt | Scoop.it
Egypt's surging budget deficit has hit its limit and the Oil Ministry has decided to cut its $20bn plus fuel subsidies. The result - mainstream fuel prices by up to 78% from midnight on Friday.
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Ignacio Portes: Paul Singer v. Argentina – Where Did All That Debt Come From?

Ignacio Portes: Paul Singer v. Argentina – Where Did All That Debt Come From? | A World of Debt | Scoop.it
With Argentina's payment to the holders of its restructured debt on June 30th in limbo at the Bank of New York Mellon, blocked by Federal Judge Thomas Griesa, and the 30 day grace period to official default ticking away, financial pundits have...
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The Coming Crash Is Simply The Normalization Of A Mispriced Market

The Coming Crash Is Simply The Normalization Of A Mispriced Market | A World of Debt | Scoop.it
Submitted by Charles Hugh-Smith of OfTwoMinds blog,
The correlation between the Fed's monetary heroin production and the stock market will break down as the market normalizes.
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How The Market Reacted To Prior Government Shut Downs

How The Market Reacted To Prior Government Shut Downs | A World of Debt | Scoop.it
With even the most compromising politicians on both sides of the aisle admitting at least a brief government shutdown is inevitable (and according to Stone McCarthy the shutdown will hardly be brief and will affect the timely release of such major...
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Bank Of America: "We Hope None Of These Three Shocks Reaches A Crisis Level"

Bank Of America: "We Hope None Of These Three Shocks Reaches A Crisis Level" | A World of Debt | Scoop.it
When Goldman says sell, everyone knows they really mean buy.
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Why Emerging Market FX Has Further To Fall

Why Emerging Market FX Has Further To Fall | A World of Debt | Scoop.it
The current external environment and consequence of past policies are limiting options for EM nations (most specifically Indonesia and India).
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Correlation Collapse Cause For Corrective Concern

Correlation Collapse Cause For Corrective Concern | A World of Debt | Scoop.it
Intra-stock correlation of the top 50 market cap names has plunged in the past month.
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Japan Enters The Keynesian Twilight Zone As Total Debt Crosses ¥1,000,000,000,000,000.00.

Japan Enters The Keynesian Twilight Zone As Total Debt Crosses ¥1,000,000,000,000,000.00. | A World of Debt | Scoop.it
Back in May 2011, together with forecasting Japan's most epic case of quantitative easing ever unleashed, we presented the absurd, if inevitable, thought experiment of a country that would soon cross into the twilight zone of total sovereign debt...
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S&P 500 Profit Margins Plunge To Three Year Lows

S&P 500 Profit Margins Plunge To Three Year Lows | A World of Debt | Scoop.it
That S&P500 revenues are contracting for the second quarter in a row (i.e. a revenue recession) is by now well-known even to CNBC.
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If the Economy is Recovering… Why Is Nominal GDP in a Recession?

If the Economy is Recovering… Why Is Nominal GDP in a Recession? | A World of Debt | Scoop.it
The financial world is abuzz with the unexpected jump higher in our manufacturing and non-ISM(s). The world seems to think these two jumps are the result of the US economy suddenly getting back on track.
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11 Signs That Italy Is Descending Into A Full-Blown Economic Depression

Submitted by Michael Snyder via The Economic Collapse blog, When you get into too much debt, really bad things start to happen.  Sadly, that is exactly what is happening to Italy right now.  Harsh austerity measures are causing the Italian economy...
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Retail Sales Slide, Miss: Biggest Drop And Miss In 12 Months

Retail Sales Slide, Miss: Biggest Drop And Miss In 12 Months | A World of Debt | Scoop.it
If the worst retail sales number in 12 months doesn't send the S&P to 1,700 nothing will.
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Largest Austrian Bank Crashes After "Revealing" 40% Surge In Bad Debt Provisions, Record Loss

Largest Austrian Bank Crashes After "Revealing" 40% Surge In Bad Debt Provisions, Record Loss | A World of Debt | Scoop.it
Update: just as expected, the confidence-preservation brigade is quick on the scene: HUNGARY LOAN-REFUND LAW VIOLATES RULE OF LAW: BANK ASSOCIATION  HUNGARY LOAN-REFUND LAW DAMAGES INVESTOR CONFIDENCE, BANKS SAY Because clearly marking loans to...
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The Number Of US Firms Willing To Trade in Chinese Yuan Has Tripled This Year

As the US spreads its message of cheer around the world, it appears an increasing number of trade 'partners' are more than willing to consider alternatives to the hegemony.
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World GDP Hopes Are Collapsing

World GDP Hopes Are Collapsing | A World of Debt | Scoop.it
Presented with no comment (except to note how different the "fact" in this chart is from the "fantasy" we hear spewed day after day about 'recovery' in the world's economy)...
 
 
Chart: Bloomberg
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Technology Displacing Jobs: The European Case

Technology Displacing Jobs: The European Case | A World of Debt | Scoop.it
Yves here. Some technology enthusiasts predict that as many as 47% of current jobs will be displaced in the next decade.
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Russia Restructures Cyprus Debt; Cyprus Prohibits US Strikes On Syria

Yesterday afternoon, Russia agreed to restructure Cyprus' EUR 2.5 billion loan terms to a much more affordable 2.5% semi-annual coupon through 2016 and a principal re-payment over the following four years.
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The Chart That Every Taxpayer Deserves To See

The Chart That Every Taxpayer Deserves To See | A World of Debt | Scoop.it
Submitted by F.F. Wiley via Cyniconomics blog, You may be aware that the Congressional Budget Office (CBO) is due to release its 2013 Long-term Budget Outlook in September.  In “Previewing the Bad News That’s Likely to Complicate the Debt Ceiling...
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Citi Asks "How High Can Gold Ultimately Go?"

Citi Asks "How High Can Gold Ultimately Go?" | A World of Debt | Scoop.it
Via Citi FX Technicals,
Gold looks to have found a base...
Following the multi-year surge in Gold the recent fall took us 14% below the 55 month moving average.
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BNP Warns Japanese Bonds Have Lost Their Ability To Price Risk

The JGB market was completely unfazed by the news that the prime minister’s office was reconsidering the planned consumption tax hike.
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A Japanese Crisis Nears

A Japanese Crisis Nears | A World of Debt | Scoop.it
Japan has receded from the headlines of late but that's about to change. In the next two months, it's expected the Prime Minister Shinzo Abe will make a decision on whether to increase Japan's consumption tax from 5% to 8% in April next year.
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Is Egypt On The Verge Of Engineered Civil War?

Submitted by Brandon Smith of Alt-Market Is Egypt On The Verge Of Engineered Civil War? For thousands of years, Egypt has been one of the primary pillars of the Eastern world.
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40% Of US Workers Now Earn Less Than 1968 Minimum Wage

Submitted by Michael Snyder via The Economic Collapse blog, Are American workers paid enough?
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The deflation/inflation conundrum

The deflation/inflation conundrum | A World of Debt | Scoop.it
THERE have been some odd combinations of market movements in recent months: rising bond yields and a falling gold price, a rebound in developing markets while emerging markets and commodities struggle.
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