La devaluación competitiva le está resultando a Japón. Japan’s "Merchandise Trade" exports surprised to the upside this morning. All of a sudden Japan’s export activity is picking up steam. via Sober Look: Japan rewarded for launching the currency war. Seguir leyendo Sober Look: Japan rewarded for launching the currency war

“Grandes compañías, especuladores, adinerados extranjeros y fondos de pensiones están ‘apropiándose’ de grandes extensiones de terreno en Europa, de manera similar a como lo hacen en países en desarrollo”, así arranca The Guardian un artículo que subraya los resultados de un nuevo informe sobre la propiedad de las tierras de cultivo Las investigaciones, llevadas a cabo por varias organizaciones, entre ellas el Transnational Institute y … Seguir leyendo Agricultura: El gran capital se apropia de tierras en Europa | Presseurop.eu: actualidad europea, viñetas y revistas de prensa

Yesterday, a bi-partisan panel – co-chaired by the former undersecretary of homeland security under President George W. Bush, former Republican congressman from Arkansas and NRA consultant (Asa Hutchinson) and former Democratic congressman and U.S. ambassador to Mexico (James Jones) – released a 577-page report on torture after 2 years of study. Other luminaries on the panel include: Former FBI Director William Sessions 3-star general Claudia … Seguir leyendo Bipartisan Report: U.S. Practiced Widespread Torture, Torture Has “No Jusification” and Doesn’t Yield Significant Information, Nation’s Highest Officials Bear Responsibility « naked capitalism

Yet another pillar of the austerity edifice has crumbled. As many readers will have seen, fresh research has refuted the famous Reinhart-Rogoff paper showing a cliff-edge fall in growth to minus 0.1pc once public debt reaches 90pc of GDP. This was the paper seized upon by Tea Party Republicans, scorched-earth Schaublerians and Rehnites in Europe, our own dear Chancellor George Osborne, and Austro-liquidationists the world … Seguir leyendo Debunking austerity claims makes no difference to Europe’s monks and zealots – Telegraph Blogs

Más signos de parada en la economía mundial, esta vez en EEUU Manufacturers responding to the Business Outlook Survey reported near steady business activity in April. The indicator for overall activity remained slightly positive this month, but other broad indicators were mixed. Indicators for new orders and employment were weaker this month. The survey’s broad indicators of future activity suggest that firms expect continued growth, … Seguir leyendo Calculated Risk: Philly Fed Manufacturing Survey Shows Slower Expansion in April

Since it acceded to the EU in 2004 and the Eurozone in 2008, Cyprus has gone on a phenomenal binge with dizzying bubbles: a bank-deposit bubble goosed by foreign money and offshore “financial services,” a stock-market bubble, a massive property bubble…. Now the banks have collapsed, the offshore “financial services” have been eviscerated, the property bubble crashed, the construction sector is in ruins, as are … Seguir leyendo Testosterone Pit – Home – Cyprus Today: A Personal Account

Here’s a seemingly simple question for you: "Is the Fed Printing Money?" I suspect most of you will reply an emphatic yes, but some of you will say no. Before I give you my take, please ponder a similar question: "Is inflation or deflation coming?" I posed the inflation question to the audience in my presentation at the Wine Country Conference. My answer was "It … Seguir leyendo Mish’s Global Economic Trend Analysis: Is the Fed Printing Money?

What is the best place to start? The problem is I really have four starting points, or perhaps I have five starting points–fear, surprise, ruthless efficiency, etc…. First, I would have to be even more rash than Charles le Temeraire, last duke of sovereign Burgundy, to opine about classical Dutch history with Jan de Vries in the room, but let me do so to point … Seguir leyendo Brad DeLong : Europe Fails to Learn the Lessons of History: Notes on Political Union for Barry Eichengreen’s «Future of the Euro» Conference, as Delivered