DiscontinuityAhead – OilLimitswillAdverselyAffecttheEconomy http://feedly.com/k/1eT4JgJ What will the world economy be like ten years from now? Or fifty years from now? Is it something that we can forecast by looking at the past, assuming that past tends will continue? Figure 1 Most economists today seem to think we can rely heavily on past patterns. If we can really assume that the economy will grow at 3% … Seguir leyendo Discontinuity Ahead – Oil Limits will Adversely Affect the Economy

USIncomeGrowth Has StalledforMostAmericans http://feedly.com/k/1aYC749 The US Census released new income data, which revealed more evidence of the widening income gap between the rich and poor, prolonging the trend of the last 40 years. See more data here and here. shared via http://feedly.com Seguir leyendo US Income Growth Has Stalled for Most Americans

Incomeinequalityandstagnationagain http://feedly.com/k/1aYC3Bt Brief post, prompted by comment on previous post. Below the Mean Household Income Received by Each Fifth and Top 5 Percent. Note that in real terms the bottom has had no gains since the early 1970s really. And that’s true of the lowest three quintiles. Only the two highest quintiles have seen some increase in income, but at least at this level of … Seguir leyendo Income inequality and stagnation again

Minimumwagesaroundtheworld http://feedly.com/k/1aYC8Fe The figure is in Purchasing Power Parity (PPP). One should take these kind of comparisons with a certain caution. At any rate, the US seems to have a lower rate than most Western European countries and Australia. Source here. shared via http://feedly.com Seguir leyendo Minimum wages around the world

SpainonTracktoMeetBudgetTargetsSaysEconomyMinister; Data StronglySuggestsOtherwise http://feedly.com/k/159iuyg On September 16, Spain’s economy minister, Luis de Guindos, said SpainonTracktoMeetBudget. Spain is on track to meet the 2013 budget deficit target it agreed on with its European Union partners and should emerge from recession before the end of the year, the economy minister said on Monday. After the financial crisis burst Spain’s construction bubble in 2008, “no doubt 2014 will … Seguir leyendo Spain on Track to Meet Budget Targets Says Economy Minister; Data Strongly Suggests Otherwise

Dissoudrel’Euro : une idéequis’imposera http://feedly.com/k/159imz3 Depuis la fin du printemps, un concert de « bonnes nouvelles » nous vient des pays d’Europe du Sud. La croissance reviendrait au Portugal et en Espagne, et même en Grèce. Les taux se maintiennent à un niveau considéré comme « raisonnable ». En bref, la crise de la zone Euro serait derrière nous. Pourtant, à mieux y regarder, on … Seguir leyendo Dissoudre l’Euro : une idée qui s’imposera

Theimpactofan Euro-breakdownontheUnitedStatesandthe USD-zonecountries http://feedly.com/k/159if6C One argument sometimes invoked against a dissolution of the Eurozone is the fact that the difference in parity entailed by such would be too great to be tolerable by other countries, in particular the United States. It seems that this argument doesn’t resist analysis , as we are about to demonstrate, basing ourselves on a study published in early September by … Seguir leyendo The impact of an Euro-breakdown on the United States and the USD-zone countries

PhillyFedManufacturingSurveyindicatesSolidExpansioninSeptember http://feedly.com/k/1eV8iD6 Note: I’ll have more on existing home sales later. This was released earlier this morning … From the Philly Fed: SeptemberManufacturingSurvey ManufacturingactivitypickedupinSeptember, according to firms responding to this month’s Business Outlook Survey. The survey’s broadest indicators for general activity, new orders, shipments, and employment were all positive and higher than in August. The survey’s indicators of future activity were significantly higher, suggesting improved … Seguir leyendo Philly Fed Manufacturing Survey indicates Solid Expansion in September

Fed: Industrial Productionincreased 0.4% inAugust http://feedly.com/k/150FLlY From the Fed: Industrial productionandCapacityUtilization Industrial productionadvanced 0.4 percentinAugustafterhavingbeenunchangedinJuly; the gains in August were broadly based. Following a decrease in July of 0.4 percent, which was steeper than previously reported, manufacturing production rose 0.7 percent in August. The output of mines moved up 0.3 percent, its fifth consecutive monthly increase, and the production of utilities fell 1.5 percent, its … Seguir leyendo Fed: Industrial Production increased 0.4% in August

Thepeakinworldoilproductionisyetto come http://feedly.com/k/14Tfaga World oil production stagnated between 2005 and 2007, which given rapid growth in demand from emerging economies . Some observers suggested that production might never rise much above the levels seen in 2005. Among those who raised this possibility, two of the more thoughtful have changed their mind. Euan Mearns last month summarized what he saw as three (or four) nailsinthecoffinofpeakoil. And … Seguir leyendo The peak in world oil production is yet to come