India ScramblesForPlan D AsStocks, CurrencyResumeCollapse http://feedly.com/k/1dE0XGF After a modestly weak start, India’s FX and stock markets accelerated lower overnight in the currency’ssecondbiggestdailycollapsein 17 years, and stocks second biggest daily plunge in 2 years. Rubbing further salt into an already gaping wound of capital outflows, S&P re-iterated its downgrade threat overnight following India dismal PMI print and this appears to have pushed the Indian government to … Seguir leyendo India Scrambles For Plan D As Stocks, Currency Resume Collapse

Rapping WhyNationsFailinQuibdó (withAlexisPlay) http://feedly.com/k/1dE0GmU Paula Moreno, director of Manos Visibles, who we mentioned in ourpreviouspost, used to be the Colombian Minister of Culture so she knows about a lot more than just the economy. Part of her agenda is to promote the amazingly rich cultural and artistic life of the Chocó (not just raise GDP per capita). So she sprung a surprise at the conference. … Seguir leyendo Rapping Why Nations Fail in Quibdó (with Alexis Play)

Tokumaru onMises’sEpistemology http://socialdemocracy21stcentury.blogspot.com/2013/09/tokumaru–on–misess–epistemology.html N. Tokumaru’s paper “Popper’s Analysis of the Problems of Induction and Demarcation and Mises’ Justification of the Theoretical Social Sciences” examines Mises’s fundamental claims about epistemology and economic methodology, and finds them wanting. Tokumaru first notes that, with respect to the natural sciences, Mises endorses what Popper called “naïve inductivism” with undefended assumptions of the uniformity of nature; that Mises also holds … Seguir leyendo Tokumaru on Mises’s Epistemology

Portugal CDSspreadwidensagain http://feedly.com/k/14nHBx4 The date is set for the troika inspectors to pay a visit to Portugal. CBSNews: – Portugal’s Finance Ministry says inspectors from the country’s bailout creditors will arrive Sept. 16 to assess Portugal’s progress on repairing its public finances and adopting economic reforms. In return for a 78 billion euros rescue package in 2011, the creditors — the International Monetary Fund, European … Seguir leyendo Portugal CDS spread widens again

Finlandia: Nokiatraspasalosmóviles a Microsoft http://feedly.com/k/1dE06pe El fabricante de equipos de telecomunicación Nokia, la joya de la corona de la industria finlandesa, anunció el 2 de septiembre que vende sus actividades de telefonía móvil y las patentes relativas al sector al gigante americano de software Microsoft por 5.440 millones de euros. La filial de móviles Nokia tendrá que cerrar durante el primer trimestre de 2014, según … Seguir leyendo Finlandia: Nokia traspasa los móviles a Microsoft

ISM ManufacturingindexincreasesinAugustto 55.7 http://feedly.com/k/18ACgnp The ISM manufacturing index indicated faster expansion in August. The PMI was at 55.7% in August, up from 55.4% in July. The employment index was at 53.3%, down from 54.4%, and the new orders index was at 63.2%, up from 58.3% in July. From the Institute for Supply Management: August 2013 ManufacturingISMReportOnBusiness® Economic activity in the manufacturing sector expanded in August … Seguir leyendo ISM Manufacturing index increases in August to 55.7

AsiaPac StocksTest 3-MonthHighsAsChinaServicesPMIDroopsTo 11-MonthLow http://feedly.com/k/15od0Qa China’s Manufacturing PMI printed in line with its Flash estimate last night and the ServicesPMIjustprinted at a disappointing 11-monthlowasthe 2 segmentsoftheeconomydivergebytheirmostonrecord. The ‘good’ news that Obama backed away from the big red button for 5 minutes (and improving European PMIs) is spurring some more catch up in Asia tonight and while critical nations like India (whose PMI was dismal) and … Seguir leyendo AsiaPac Stocks Test 3-Month Highs As China Services PMI Droops To 11-Month Low

U.S. BackedSyrianOppositionYEARSBEFOREUprisingStarted http://feedly.com/k/137CW50 TheAmericanGovernment’sNarrativethat “WeMustStopAssadBecauseHe’sBrutallyCrushing a SpontaneousPopularUprising” isFalse The civil war in Syria started in March 2011. And seethis. However, the U.S. has been funding the Syrianopposition since 2006 … and arming the opposition since 2007. So the American government’s argument that “we must stop Assad because he’s brutally crushing a spontaneous popular uprising” is false. The U.S. started supporting the rebels 5 yearsbefore the … Seguir leyendo U.S. Backed Syrian Opposition YEARS BEFORE Uprising Started

Testosterone Pit – Home – DestroyBeforeReading: SpanishGovernmentCaughtErasingEvidenceinCorruptionCase http://feedly.com/k/15ocuBM shared via http://feedly.com Seguir leyendo Testosterone Pit – Home – Destroy Before Reading: Spanish Government Caught Erasing Evidence in Corruption Case

South AfricanGoldMiningStrikesAsPeakGoldProductionCollapseContinues http://feedly.com/k/173B7qv Today’s AM fix was USD 1,391.25, EUR 1,052.46 and GBP 893.14 per ounce. Friday’s AM fix was USD 1,392.75, EUR 1,051.85 and GBP 899.19 per ounce. Gold fell $12.80 or 0.91% Friday, closing at $1,394.30/oz. Silver fell $0.42 or 1.76%, closing at $23.43. Platinum rose $3.04 or 0.2% to $1,516.74/oz, while palladium was down $14.76 or 2% to $719.22/oz. Is there a … Seguir leyendo South African Gold Mining Strikes As Peak Gold Production Collapse Continues