More Dry Tinder
"The US Embassy informs US citizens living and traveling in Argentina of a silent march in Buenos Aires from Congress to the Plaza de Mayo, planned for Wednesday, February 18, from approximately 5:00 p.m. to 9:00 p.m. (17:00-21:00), to mark the one-month anniversary of the death of Alberto Nisman."You should expect disruptions in public transportation and traffic. While this event will take place in the capital city, marches may occur in other cities throughout the country."Even demonstrations intended to be peaceful can turn confrontational and escalate into violence. You should avoid areas of demonstrations, and exercise caution if in the vicinity of any large gatherings, protests, or demonstrations."Review your personal security plans; remain aware of your surroundings, including local events; and monitor local news stations for updates. Maintain a high level of vigilance and take appropriate steps to enhance your personal security and follow instructions of local authorities."
"In its fourth quarter 2014 report on household debt and credit, the Federal Reserve Bank of New York said that debt rose by $117 billion in the quarter, and total indebtedness at the end of December totaled $11.83 trillion. That is a year-over-year increase of $306 billion."
"Sweden has cut interest rates below zero and launched quantitative easing to fight deflation, becoming the latest Scandinavian state to join Europe's escalating currency wars."The Riksbank [Sweden's central bank] caught markets by surprise, reducing the benchmark lending rate to minus 0.1% and unveiled its first asset purchases, vowing to take further action at any time to stop the country falling into a deflationary trap."The bank presented the move as a precautionary step due to rising risks of a 'poorer outcome abroad' and the crisis in Greece."Janet Henry from HSBC said the measures are clearly a 'beggar-thy neighbor' maneuver to weaken the krone, the latest such action in a global currency war that does little to tackle the deeper problem of deficient world demand."