Mises versustheViennaCircle http://feedly.com/k/17GeRDL The untenable nature of Mises’s economic apriorism was noticed by the logical positivists, and is described in a recent study of Lionel Robbins: “The Vienna Circle took a hard line on epistemology, and on the demarcation between mathematics and science on the one hand and non-science (or metaphysics) on the other. The propositions of logic and mathematics are necessarily true, true by … Seguir leyendo Mises versus the Vienna Circle

Growth inlowpayingjobsandwagedeflationforlow-incomegroups – a painfultrend http://feedly.com/k/1emWGGk A few weeks back the WSJ published a chart showing that growth in US payrolls has been dominated by low wage jobs (seechart). It’s worth exploring the topic some more. Though not precise, one way to confirm this trend is to look at the "indexes of aggregate weekly hours and private payrolls by industry sector" from the U.S. Bureau … Seguir leyendo Growth in low paying jobs and wage deflation for low-income groups – a painful trend

China todictatetoughtermsonBRICSrescuefund – Telegraph http://feedly.com/k/15CiTJB shared via http://feedly.com Seguir leyendo China to dictate tough terms on BRICS rescue fund – Telegraph

Tepco ReleasesVideoOfFukushimaReactorFlooding http://feedproxy.google.com/~r/zerohedge/feed/~3/dG5H8hCooN0/story01.htm It is unclear just why Tepco released the following clip of what it alleges is a leak at Fukushima two and a half years after the infamous March 2011 catastrophe. If it is to restore confidence that it is finally trying to regain control over the Fukushima situation, that is simply laughable: for an organization that had to be nationalized and then … Seguir leyendo Tepco Releases Video Of Fukushima Reactor Flooding

G20: “Siria:Loseuropeosabandonan a FrançoisHollande” http://feedly.com/k/1adfoh4 "La Unión Europea, miembro de pleno derecho del G20, abandona a Francia a su suerte, dejando a François Hollande más aislado que nunca"*, indicaLeFigaro el día siguiente de la apertura de la cumbre del G20 en San Petersburgo, por el presidente ruso Vladimir Putin. A través de la opinión expresada por los presidentes del Consejo Europeo,Herman Van Rompuy, y de … Seguir leyendo G20: “Siria:Los europeos abandonan a François Hollande”

Poland ConfiscatesHalfOfPrivatePensionFundsToCutSovereignDebtLoad http://feedproxy.google.com/~r/zerohedge/feed/~3/gklCGLY1XSg/story01.htm While the world was glued to the developments in the Mediterranean in the past week, Poland took a page straight out of Rahm Emanuel’s playbook and in order to not let a crisis go to waste, announced quietly that it would transfer to the state – i.e., confiscate – the bulk of assets owned by the country’s private pension funds (many of … Seguir leyendo Poland Confiscates Half Of Private Pension Funds To Cut Sovereign Debt Load

Update onIndonesia: 6 indicatorsofworseningsituation http://feedly.com/k/14w7M4G Here are the latest economic and financial indicators for Indonesia (seepost), as financial conditions there continue to worsen. 1. The trade deficit has increased to the worst levels in Indonesia’s recent history. FT: – The gloom surrounding Indonesia continued to deepen on Monday after southeast Asia’s biggest economy posted a record monthly trade deficit and inflation climbed to a four-year … Seguir leyendo Update on Indonesia: 6 indicators of worsening situation

Euro AreaDebtCrisisOfficially ‘CalledOff’ http://feedly.com/k/14w7ESF A LittleGoosingoftheMoneySupplyandtheWorldisAlrightAgain We have pointed out for several months in these pages that the increase in the euro area’s true money supply (+8% year-on-year) would likely produce further improvements in PMI data and other measures of economic activity in the euro zone. See for instance our June 5 article “Euro–AreaPMIDataImproveasMoneySupplyGrowthAccelerates”. This is not rocket science to be sure, but we have … Seguir leyendo Euro Area Debt Crisis Officially ‘Called Off’

Chinese Province ‘Busted’ ForFakeData; Exaggerated 2013 OutputByOver 150% http://feedly.com/k/15GWVUR Still believe that China’s PMI is above 50 and suggesting a global growth expansion? Still believe in Santa and the Tooth Fairy? Well, none other than China’s own National Bureau of Statistics has been forced to admit that at least one of its major provinces has dramatically overstated industrial output. As Sinareports, according to a NBS … Seguir leyendo Chinese Province ‘Busted’ For Fake Data; Exaggerated 2013 Output By Over 150%

On ThisDayInHistory, CrudeOilHasNeverBeenMoreExpensive http://feedly.com/k/15GWCcF We are sure this is just a ‘transitory’ storm-in-a-teacup, but for those who ‘use’ energy, the price of the most important raw material in the world has never been higher on this day of the year than it is today… mustbeallthisgrowth? But of course, there’s still plenty of ‘absolute’ uspide… Data: Bloomberg shared via http://feedly.com Seguir leyendo On This Day In History, Crude Oil Has Never Been More Expensive