The IMFandTheEconomist (re)discoverthePrebisch-SingerHypothesis http://nakedkeynesianism.blogspot.com/2013/09/the–imf–and–economist–rediscover.html Free Exchange, one of the The Economist’s blogs, had a post recently on the secular declining prices of commodities. The post suggest that there is significant evidence in favor of the Prebisch-Singer Hypothesis (PSH), based on an IMF paper (available here). Note that the notion that there is something correct about the Prebisch-Singer Hypothesis is not really news. José Antonio Ocampo … Seguir leyendo The IMF and The Economist (re)discover the Prebisch-Singer Hypothesis

New BookbyMonthlyReview: CapitalistGlobalization – Consequences, Resistance, andAlternatives http://feedly.com/k/1b48spo Globalization, surely one of the most used and abused buzzwords of recent decades, describes a phenomenon that is typically considered to be a neutral and inevitable expansion of market forces across the planet. Nearly all economists, politicians, business leaders, and mainstream journalists view globalization as the natural result of economic development, and a beneficial one at that. … Seguir leyendo New Book by Monthly Review: Capitalist Globalization – Consequences, Resistance, and Alternatives

The RichGetRicherThroughtheRecovery – NYTimes.com http://feedly.com/k/1b45JMK shared via http://feedly.com Seguir leyendo The Rich Get Richer Through the Recovery – NYTimes.com

Goldman PoursColdWaterOnTheExuberanceOfEuropeanPMIs http://feedly.com/k/15LnclS Always on the look-out for a silver-lining, the world’s commission-taking asset managers are flooding into the new cleanest dirty shirt of European stocks (the more beaten-down, the better) – apparently on the basis of the exuberance in surging PMIs. Aside from the fact Draghihimselfalreadypouredcold–wateronpeople’sbeliefinthestrengthoftheEuropeanrecoverylastweek, and ournotethisweekendonthe ‘roughness‘ ofPMIsurvey "soft" data, investors remain unmoved and momentum has taken over now. However, as Goldman … Seguir leyendo Goldman Pours Cold Water On The Exuberance Of European PMIs

U.S. GoingtoKillSyrianstoShowSyriathatKillingSyriansisWrong http://feedly.com/k/1axay1L Abby Martin speaks with UK Parliament Member, George Galloway, about Syria war propaganda and his upcoming film ‘The Killing of Tony Blair’. Link if video does not play: [youtube http://youtube.com/w/?v=I6qMCb14K3s][youtube http://youtube.com/w/?v=I6qMCb14K3s][youtube http://youtube.com/w/?v=I6qMCb14K3s][youtube http://youtube.com/w/?v=I6qMCb14K3s][youtube http://youtube.com/w/?v=I6qMCb14K3s][youtube http://youtube.com/w/?v=I6qMCb14K3s][youtube http://youtube.com/w/?v=I6qMCb14K3s][youtube http://youtube.com/w/?v=I6qMCb14K3s][youtube http://youtube.com/w/?v=I6qMCb14K3s][youtube http://youtube.com/w/?v=I6qMCb14K3s][youtube http://youtube.com/w/?v=I6qMCb14K3s][youtube http://youtube.com/w/?v=I6qMCb14K3s][youtube http://youtube.com/w/?v=I6qMCb14K3s][youtube http://youtube.com/w/?v=I6qMCb14K3s] Quote of the day goes to Abby Martin who says "We’rekillingSyrianstoShowSyriathatKillingSyriansisWrong. I justcannotwrapmyheadaroundthat". George Galloway responded along the lines … Seguir leyendo U.S. Going to Kill Syrians to Show Syria that Killing Syrians is Wrong

For TheRich, It’sGlobalWealth-EffectRebalancingTime http://feedly.com/k/14FEAIL As we watch, night after night, the collapse in the Indian Rupee (and the nation’s stock market); whether driven by an unwind of Fed liquidity slooshing around the world or Europe’s austerity-driven surplus imbalances, it is easy to ‘feel sorry’ for the highly dispersed nation. However, we shouldn’t feel too bad for the ‘elites’ since, as the chart below shows, in … Seguir leyendo For The Rich, It’s Global Wealth-Effect Rebalancing Time

Guest Post: WhyEurope (Not The Fed) IsCrushingEmergingMarketEconomies http://feedly.com/k/17OGjeK Authoredby Daniel Gros, originallyposted at ProjectSyndicate, Emerging markets’ currencies are crashing, and their central banks are busy tightening policy, trying to stabilize their countries’ financial markets. Whoistoblamefor this stateofaffairs? A few years ago, when the US Federal Reserve embarked on yet another round of “quantitative easing,” some emerging-market leaders complained loudly. They viewed the Fed’s open-ended purchases … Seguir leyendo Guest Post: Why Europe (Not The Fed) Is Crushing Emerging Market Economies

How MicrosoftLostItsDominance http://feedly.com/k/14vMGc2 My Sunday WashingtonPostBusinessSection column is out. This morning, we look at how Microsoft’s slow decline in What’sbehindMicrosoft’sfallfromdominance?. The shortversionis this: Once Gates & Co lost its Monopoly, they were unable to generate much in the way of successful new businesses line. Their decline was inevitable unless they could become, well, a different company. That was highly unlikely. Here’s an excerpt from the … Seguir leyendo How Microsoft Lost Its Dominance

Rise of the NewGlobalSuper-Rich http://feedly.com/k/14CW8oG Technology is advancing in leaps and bounds — and so is economic inequality, says writer Chrystia Freeland. In an impassioned talk, she charts the rise of a new class of plutocrats (those who are extremely powerful because they are extremely wealthy), and suggests that globalization and new technology are actually fueling, rather than closing, the global income gap. Freeland lays … Seguir leyendo Rise of the New Global Super-Rich

Auto-CorectNtWokring (Wonkish) – NYTimes.com http://feedly.com/k/17MoNHR shared via http://feedly.com Seguir leyendo Auto-Corect Nt Wokring (Wonkish) – NYTimes.com