“Slew Of Positive Data” Drives European Stocks To Worst Day In A Month

"SlewOf Positive Data" DrivesEuropeanStocksToWorstDayIn A Month http://feedproxy.google.com/~r/zerohedge/feed/~3/2FZS_o0dhXM/story01.htm Mainstream media is blaming the weakness in gold on the fact that a "slew of positive data" from the EU ‘proves’ there is no crisis. However, if that data is so positive – and proclaimed so by EU’s Ollie Rehn, then why did Europeanstocksdropthemostin a month. JPY strength continues to a six-week high against the USD and testing … Seguir leyendo “Slew Of Positive Data” Drives European Stocks To Worst Day In A Month

The US Manufacturing Renaissance In (Perplexing) Context

TheUSManufacturingRenaissanceIn (Perplexing) Context http://feedly.com/k/13DZESA As the following two charts show, despite the restoftheworldbeingmiredinanentirelylackadaisicalmuddle-through – in terms of both manufacturing… and non-manufacturing PMIs… …the US is representing itself as the new growth engine with an expanding and rising economy (if the ‘recovery-is-right-around-the-corner’ data is to be believed). Even as manufacturing jobs continue to structurally disappear… Of course, we are hearing the term ‘decoupling’ and ‘cleanest dirty … Seguir leyendo The US Manufacturing Renaissance In (Perplexing) Context

Spot The Next Credit Crisis

Spot TheNextCredit Crisis http://feedproxy.google.com/~r/zerohedge/feed/~3/e8rkSnDNWBA/story01.htm Information overload and cognitive dissonance often hide the facts from right under one’s nose. Sometimes, as in the case of the following image, a picture paints a thousand words; and in this case, any doubt about where the world’s ‘most-bust-prone’ nations are in the post-crisis new normal should be instantly (and visually) dismissed (as wenotedhere, here, and here). Source: GoldmanSachs shared … Seguir leyendo Spot The Next Credit Crisis

Japan Finally Admits The Truth: “Right Now, We Have An Emergency At Fukushima”

JapanFinallyAdmitsTheTruth: "RightNow, WeHaveAnEmergencyAtFukushima" http://feedly.com/k/13Hshe9 Tepco is struggling to contain the highly radioactive water that is seeping into the ocean near Fukushima. The head of Japan’s NRA, Shinji Kinjo exclaimed, "rightnow, wehaveanemergency," as he noted the contaminatedgroundwater has breachedanundergroundbarrier and is rising toward the surface – exceeding the limits of radioactive discharge. In a rather outspoken comment for the typically stoic Japanese, Kinjo said Tepco’s "sense … Seguir leyendo Japan Finally Admits The Truth: “Right Now, We Have An Emergency At Fukushima”

Trade Deficit decreased in June to $34.2 Billion

TradeDeficitdecreasedinJuneto $34.2 Billion http://feedly.com/k/13JO4lh The Department of Commerce reported this morning: [T]otal June exports of $191.2 billion and imports of $225.4 billion resulted in a goods and services deficit of $34.2 billion, down from $44.1 billion in May, revised. June exports were $4.1 billion more than May exports of $187.1 billion. June imports were $5.8 billion less than May imports of $231.2 billion. The trade … Seguir leyendo Trade Deficit decreased in June to $34.2 Billion

Policy Sans Ethics

PolicySansEthics http://feedly.com/k/14vGHUQ Policy Sans Ethics Yet another ancient political debate concerns whether public policy needs to be based on certain norms, or ethical principles. Classical and a few modern political philosophers — e.g., Socrates, Plato, Aristotle, Aquinas, Spinoza, John Locke, et al. — argued that to learn how to govern, one must have certain values for which governing needs to aim. These would be justice, … Seguir leyendo Policy Sans Ethics