Spanish Prisoners @ NYT The catalan secessionist movement has sound economic, cultural and historical roots. It should be respected. In all aspects but name, Catalonia is a colony of Spain.
Chart Of The Day: The Rise Of Global Central Planning @ Zerohedge It starts like this…”there was a time when the world had (somewhat) free markets.”. The article does not contain a lot of information, but it conveys the idea with perhaps the most explanatory power in order to comprehend the present crisis: western societies are fast morphing into a neo-feudal regime, confiscatory, unelected, undemocratic, repressive, where central banks play the role of exercising the power usurped to individual citizens and democratic institutions. Behind the central banks, the real “owners” of power, a financial elite that in many ways remains hidden. The process started with the Magna Carta goes into reverse.
French Economy Implodes @ Mish’s Global Economic Trend Analysis the Markit Composite PMI sports the steepest rate of contraction since March 2009 with job losses accelerating at the fastest pace in 33 months and output plunging at the fastest rate in 42 months.