Sunday, February 21, 2016

Economic News , Data & Views ( February 21-22 , 2016 ) Europe In Focus ( 1. UK Referendum Set For June 23rd , BREXIT Campaign Begins , London Mayor Boris Johnson Comes Out For Leave EU. 2. Ukraine Troubles Mount- West Demands Reforms Be Implemented , Far Right Uprising In Process. 3. Spain Political Update - Sanchez Has Ten Days To Pull Together A Gov't Or New Elections Loom. 4.Refugee / Economic Migration Crisis , Border Security. 5. Odds & Ends )



Asia Update.......





China Unleashes A Debt Tsunami: Creates $1 Trillion In Debt In First Two Months Of 2016







China Unleashes A Debt Tsunami: Creates $1 Trillion In Debt In First Two Months Of 2016







*KURODA: SURE THAT NEGATIVE RATE WILL BE POSITIVE FOR ECONOMY, POSITIVE CYCLE WORKING IN JAPAN'S ECONOMY






MNI CHINA BUSINESS INDICATOR 49.9 IN FEB VS 52.3 IN JAN







Japan’s 20-Year Govt Bond Yield Falls to Fresh Record Low.













Japanese manufacturing also on edge of recession: Mfg PMI 50.2, Exp. 52.0, Last 52.3









Europe.........





UK Referendum News......







vote 'would trigger fresh Scottish independence referendum'








Cameron Unleashes 'Project Fear' - UK Military Leaders Warn Against Brexit Threat To National Security









Pound Falls Most in One Month as Johnson Backs Campaign.









William Hill has slashed the 'Brexit' odds from 5/2 to 2/1 following Boris' decision to campaign to leave.







Why the US is worrying about








Boris Comes Out For "Leave"












BREAKING: Boris Johnson to join campaign for UK to leave EU at referendum














Belgian PM, Charles Michel says the agreement on migrant benefit is 'very, very far' from Cameron's initial demands.






Ukraine.......









'Popular government': 'Protesters in demand resignations & early elections









France, Germany urge Ukraine to implement reforms









 

- group says it aims to ‘open second front’ against 's government






Back to basics: Tents & bonfires return to on coup anniversary









Kiev today: Neo nazis clashing with police near the House of Trade Unions








Tense situation on , reports . Lots of police & mainly nationalist protesters, all in uniform, confusing. Clashes earlier










Caught On Tape: Ukraine Nationalists Trash Offices Of Russian Banks; Police Refuse To Intervene







Spain..........














Four months. If Sánchez can't put together a deal in 10 days, we shall be here for another four long months talking about the next election.


















Refugee / Economic Migration Crisis/ Border Security ......






Germans Cheer As Refugee Center Burns, Crowds Stop Firefighters From Extinguishing Blaze








Europe is in a rush to solve the migrant crisis. Turkey's Erdogan is not









What's Europe doing in the name of protecting itself from the migrant crisis?










The response to the in Europe reflects a lack of long-term thinking, says :







close border to Afghans







4.2K people stuck in - borders mainly Afghans who cannot cross without passport - new ruling by Skopje







So much for no blocked borders before March 6th....









Arsonists set planned refugee shelter on fire, onlookers cheer at burning building


























Breaking Point: Europe Cannot Take Another Year of the Migrant Crisis, Danish PM Says












Europe has completely failed in response to migrant crisis, UN refugee chief says






Odds & Ends.......






Greek Attempt To Force Use Of Electronic Money Instead Of Physical Cash Fails









à la carte: Fears raised over damage to EU project from UK concessions.







S&P takes more aggressive view on EM (more in line w/ mkt implied ratings) as gripes







Combined balance sheet of G4 CenBanks (Fed ECB, BoJ, PBoC) has stopped growing, main reason for mkt woes? (via SG)









These 2charts show that Europe banks seen as weakest link in global fin mkts. CoCo & share prices have suffered most