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

The reality is that the economy is continuing to muddle along through the greatest monetary experiment in modern monetary history. However, what is becoming more readily apparent is that the impact from these ever expanding programs continue to support Wall Street and the financial system but fails to improve the diminished state of Main Street." via Seguir leyendo Zerohedge. Seguir leyendo Guest Post: More Evidence That The Economic Peak Is In

OSLO (Reuters) – Scientists are struggling to explain a slowdown in climate change that has exposed gaps in their understanding and defies a rise in global greenhouse gas emissions. Often focused on century-long trends, most climate models failed to predict that the temperature rise would slow, starting around 2000. Scientists are now intent on figuring out the causes and determining whether the respite will be … Seguir leyendo Climate scientists struggle to explain warming slowdown – Yahoo! News

European car sales are sliding to a 20-year low after German concerns over the debt crisis sent demand plunging last month in the region’s biggest economy and removed the main buffer protecting automakers. Registrations in March fell 10 percent to 1.35 million vehicles, the 18th consecutive decline, with Germany’s auto market plunging 17 percent, the Brussels-based European Automobile Manufacturers’ Association, or ACEA, said today. First-quarter … Seguir leyendo Europe Car Sales Heading for 20-Year Low on German Slide – Bloomberg

US Crude Oil Production Sets Record in 2012 While advocates of solar, wind and other “Green” energy some are saying that renewable energy is the future, technological advances in the Oil and Gas industries will lead to abundant supplies well into the future, I have been saying for years that Peak Oil is a myth, it is. US Crude Oil production rose by an average … Seguir leyendo US Crude Oil Production Sets Record in 2012 –

Yesterday, I posted part one of the transcript from my Saturday Guardian interview with Jeremy Grantham, the environmental philanthropist and the legendary fund manager. Here’s part two … Jeremy Grantham on what first led him to engage with environmental issues It started [in the mid-1990s] with a visit to the Amazon and to Borneo with the kids. And without thinking about it you start talking … Seguir leyendo Grantham: How To Feed The World – Business Insider

On the one hand, Bloomberg today tells us retail demand for stocks is as hot as ever:“Over the last few weeks, every down move has been met with buyers that have come in,” Brad Sorensen, director of market and sector analysis at San Francisco-based Charles Schwab Corp., said by telephone. His firm has $2.08 trillion in client assets. “People on the sidelines are waiting for … Seguir leyendo Vice Chairman of Chinese Accounting Association Warns Chinese Local Debt Could Create Bigger Crisis than US Housing Implosion « naked capitalism