European Unemployment Remains At All Time High: Ranges From 4.8% To 27.6%

EuropeanUnemploymentRemainsAtAll Time High: RangesFrom 4.8% To 27.6% http://feedly.com/k/17o1DLX Europe may be a union, but when it comes to the distribution of unemployment rates across its 27 (and as of July 1 with the addition of Croatia, 28), it is anything but. As the latest chart from Eurostat shows summarizing the just released July data, it is confusing if one should be more stunned by the … Seguir leyendo European Unemployment Remains At All Time High: Ranges From 4.8% To 27.6%

Drumbeat: August 30, 2013

Drumbeat: August 30, 2013 http://feedly.com/k/145wWwa Fuel Supply–DemandDeficitWidensWithoutIran, EIASays Excluding Iran from the global oil market increased the shortfall between worldwide supply and demand, the U.S. Energy Information Administration said. Global petroleum use averaged 2.2 million barrels a day more than output in July and August when Iran is excluded from the calculations, the EIA, the Energy Department’s statistical arm, said in a report today. Iran … Seguir leyendo Drumbeat: August 30, 2013

Mises Fails Philosophy of Mathematics 101

Mises FailsPhilosophyofMathematics 101 http://feedly.com/k/18auBNz The evidence is here in Human Action: “Aprioristic reasoning is purely conceptual and deductive. It cannot produce anything else but tautologies and analytic judgments. All its implications are logically derived from the premises and were already contained in them. Hence, according to a popular objection, it cannot add anything to our knowledge. All geometrical theorems are already implied in the axioms. … Seguir leyendo Mises Fails Philosophy of Mathematics 101

Gold Confisaction Imminent? Or Does India Simply Have An Offer For Its Citizens They Can’t Refuse…

GoldConfisactionImminent? OrDoes India SimplyHaveAnOfferForItsCitizensTheyCan’tRefuse… http://feedly.com/k/15mS8I1 Even as the Indian capital outflows and current account exodus may be threatening to shut down the economy altogether (except for the three oil companies that received a last ditch USD infusion from the RBI yesterday), the central bank is planning and strategizing. And it appears to have come up with more of precisely the same that has led it … Seguir leyendo Gold Confisaction Imminent? Or Does India Simply Have An Offer For Its Citizens They Can’t Refuse…

Reflections on Peak Oil, India, Asia, and Global Growth; What’s the Mathematical Outcome?

ReflectionsonPeakOil, India, Asia, and Global Growth; What’stheMathematicalOutcome? http://feedly.com/k/17oL00H In response to CurrencyLessons: Think a SinkingCurrencyisAlwaysGoodForManufacturers? my friend "BC" pinged me with a few comments. India has a trade deficit of 10% of GDP. 70% of India electricity generation is from fossil fuels. 100% of India oil consumption is imported. 20% of India natural gas consumption is imported. India’s Domestic crude oil and natural gas proven … Seguir leyendo Reflections on Peak Oil, India, Asia, and Global Growth; What’s the Mathematical Outcome?