Catharsis Ours: Economic News , Data & Views ( August 12 , 2015 ) - Special Greece updates ( Technical Deal on Third Bailout apparently reached , Parliamentary Action on deck for Greece and various EZ countries , Debt sustainability might require 50 haircut , interest rate concessions of 70 % or rescheduling , German turbulence regarding Greece deal , Third Bailout if passed will see Greece debt rise once again ) ..... China in Focus ( Yuan devaluation continues again , impacts on equities and other currencies on full display , commodity impacts - copper , coal and iron ore in focus , industrial production data disappoints , business and technology items , odds & ends ! )

Evening Tweets....

Ukraine....

Ukraine's GDP fell 16.3%, inflation rate seen at 45.8% - Economy Ministry

‏@alessaprentice

Crunch time for Ukraine's debt restructuring bid: "It's now a game of chicken" http://www.reuters.com/article/2015/08/12/ukraine-crisis-debt-idUSL5N10M3O620150812 …

Russia.....

‏@SputnikInt

DETAILS: Explosion started in warehouse storing hazardous materials  http://sptnkne.ws/AaK   #TianjinBlast #Tianjin 

Greece......

‏@MacroPolis_gr

#Greece deal leaves many questions. @economistmeg identifies what doubts persist despite agreement with lenders https://shar.es/1tlAw5 

‏@mhewson_CMC

Stubb: Finland prepared for bridge financing if no deal in time, but support is conditional.  #greece

‏@nickkounis

The #ESM MoU in English #Greece 

Yannis Koutsomitis @YanniKouts

#Greece - #ESM draft MoU (english version) → https://www.scribd.com/doc/274285711/Greece-ESM-MoU-draft-11-8-2015-english

‏@livesquawk

EU Sources: Question Of Greek Debt Restructuring Or Relief To Be Discussed At Later Stage--RTRS

China.....

‏@ReutersJamie

Chinese yuan +50% since 2005 on REER basis. Is it any wonder Beijing threw in the towel? Chart via SocGen 

Morning Tweets....

Greece....

‏@NickMalkoutzis

To be joined by bleary-eyed Tsakalotos after another early morning vote in Greek Parliament #Greece 

Ian Traynor @traynorbrussels

#greece eurogroup finance ministers expected to meet brussels friday 1500 on new bailout

‏@StKallinos

*GERMANY EXAMINING EU GUARANTEE FOR GREEK DEBT TO IMF: DIE ZEIT

‏@OpenEurope

Germany examining whether EU can guarantee Greek debt to IMF -Die Zeit http://reut.rs/1J3jpHM  via @Reuters

‏@GreekReporter

Greek Main Opposition Leader: Agreement Between Greece and Creditors is ‘Very Bad’ http://dlvr.it/BqG0kR  #Greece

‏@GreekReporter

The 38 ‘Hot’ Measures Required for Greece’s Bailout Agreement http://dlvr.it/BqFyTG  #Greece

‏@ekathimerini

Greek deal hits German turbulence as lawmakers balk at timetable http://dlvr.it/BqCvNB  

‏@CHNGHawaii

What The Greek Government Isn't Saying About The New Bailout Deal: The bailout deal Greece finalized with creditors… http://dlvr.it/BqBz4c

‏@ekathimerini

MPs recalled for vote on third bailout but procedure not clear http://www.ekathimerini.com/200482  #Greece

‏@ekathimerini

Deal with lenders to go to Parliament after creditors' approval http://www.ekathimerini.com/200481  #Greece

‏@Maria_Tejero

"There you go! Payed off" - A Belgian view on the 3r bailout to #Greece in @lesoir 

‏@NickMalkoutzis

Temporary refugee camp in Athens may be ready by end of week after Greek firm decides to donate 100 a/c units for prefab structures #Greece

‏@Schuldensuehner

Greek debt sustainability can be restored w/ nominal haircut of 50%, interest rate concessions of 70% or rescheduling http://www.voxeu.org/article/greek-debt-sustainability-devil-tails#.VcrmPEr80cU.twitter …

‏@Schuldensuehner

Good morning from #Italy. No Summer lull at home: Greek deal faces German turbulence as CDU lawmakers show reluctance 

‏@RANsquawk

O/N News: Greece has submitted its bailout deal bill to parliament with Tsipras aiming to get parliamentary approval by Thursday

‏@SoberLook

Chart: Greece 10yr yield back at 10% after the bailout agreement - 

‏@dgatopoulos

Bill for 3rd bailout submitted (just before 3am) 
http://goo.gl/xPU9t0 

‏@Schuldensuehner

HFE: 3yr €86bn deal lends #Greece more money than it has to roll over during its term. Indebtedness will rise as a result of this program.

China.....

‏@george_chen

BREAKING: Chinese stock market ends over 1% lower on Wednesday amid growing concerns about #CurrencyWars after #RMB devaluation for two days

‏@george_chen

Biggest winners today in Chinese stock market: exporters, esp textile, home appliance cos; trading volume is thin as investors stay cautious

‏@zerohedge

OFFSHORE YUAN DROPS 2.8% TO 6.5732 PER U.S. DOLLAR

‏@HaidiLunCNA

Surprising no-one @george_chen ahead of the curve as usual. 

Pete Sweeney @petesweeneypro

Traders saying big state banks buying yuan to slow currency selloff. So much for market forces?

‏@David_Scutt

Spot iron ore (62% Fe, CFR c/- @IronOreIndex) in the past year. 

Down 41% in USD, 25.1% in AUD

#XMJ #XJO $AUD $CNY 

‏@minefornothing

China Shock Boosts Dollar in Safety Bid; Aussie at Six-Year Low http://bloom.bg/1IXD7QW 

‏@PatrickMcGee_

BMI says a cumulative decline of 10% for the RMB "is now likely", predicts year-end rate of 6.83/$
@BMIResearch

‏@GuyJohnsonTV

Copper prices tumble again. 

‏@rightfuture

IEEFA report:
China coal imports DOWN 42% first 3 months of 2015
Electricity demand DOWN 4%

Economy growth UP 7%

http://ieefa.org/global-energy-markets/ …

‏@george_chen

New @google parent group #Alphabet is already blocked in China http://www.scmp.com/tech/enterprises/article/1848832/googles-new-parent-company-alphabet-already-blocked-china … - Chinese Gov is so efficient! 

‏@george_chen

Chinese tech firms aren't being put off by Beijing's crackdown on internet finance http://www.scmp.com/tech/enterprises/article/1848587/chinese-tech-firms-arent-being-put-beijings-crackdown-internet … by @zensoo 

‏@george_chen

BREAKING: China's deputy tourism minister arrested due to "leaking state secret"; but state media didn't say leaking to which foreign nation

‏@george_chen

BREAKING: China's stock market around 1% lower at opening trade, with over 700 stocks down, amid growing concerns about global #CurrencyWars

‏@george_chen

BREAKING: China's RMB/USD midpoint devalue 1.62% this morning to 6.3306, following the central bank's so-called 2% "one-off adjustment" yday

Catharsis Ours

Wednesday, August 12, 2015

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