CreditgrowthremainstheweakestlinkinEurozone’srecovery http://feedly.com/k/191Zg0C In spite of some positive economic signals out of the Eurozone (see Twitter chart), the area continues to struggle with credit growth. The latest loan growth measures still look quite bleak. We may however be seeing the first signs of the bottoming out of consumer credit, although the "improvements" are by no means compelling. YoY loan growth to householdsadjusted for sales and securitizations … Seguir leyendo Credit growth remains the weakest link in Eurozone’s recovery

IntroductiontotheSecondEditionof "TheTheoryofMonopolyCapitalism" http://feedly.com/k/156ej6f Introduction to the Second Edition of "The Theory of Monopoly Capitalism" by JohnBellamyFoster: TheTheoryofMonopolyCapitalism: AnElaborationofMarxianPoliticalEconomy was initially written thirty years ago this coming year as my doctoral dissertation at York University in Toronto. It was expanded into a larger book form with three additional chapters (on the state, imperialism, and socialist construction) and published by Monthly Review Press two years later.2 The … Seguir leyendo Introduction to the Second Edition of “The Theory of Monopoly Capitalism”

India’sEconomic Crisis – NYTimes.com http://feedly.com/k/156e8b9 shared via http://feedly.com Seguir leyendo India’s Economic Crisis – NYTimes.com

RussiaIsEvacuatingItsCitizensFromSyria http://feedly.com/k/153MN9m With ‘drums’ growing ever-louder, Russia’s "emergency situations" ministry has sent a second aircraft to evacuate citizens willing to leave war-torn Syria. As RiaNovostireports, "anIlyushin-62 planetookoffforLatakia. ThisspecialflightisforRussianand CIS nationalswhohadearlierexpressedtheirdeterminationtoreturntoMoscow," emergencies ministry spokeswoman Irina Rossius said. The plane also bore humanitarian aid for, what a Russian foreign ministry spokesman said at the time was, about 30,000 other Russians that were still living across the country. … Seguir leyendo Russia Is Evacuating Its Citizens From Syria

FromGrecoveryToGrevolting: GreeceDeniesItWillSellExpiredFood http://feedly.com/k/19O28PL With a debt once again jumping higher, GDP stalling, crime soaring, unemployment surging, and homelessness rife – oh, and the money-men (women) proclaiming that "Greece should never have entered the Euro" – the government is now backtracking on a previous decision that "expiredfoodstuffswill be madeavailableforpurchase as ofSeptember 1st." Unsurprisingly, the announcement of the new regulation on Monday sparked angry reactions from consumers, … Seguir leyendo From Grecovery To Grevolting: Greece Denies It Will Sell Expired Food

TheAsian Crisis VersusThe Euro Crisis – NYTimes.com http://feedly.com/k/19O1SAd shared via http://feedly.com Seguir leyendo The Asian Crisis Versus The Euro Crisis – NYTimes.com

MortgagesPlunge 42% fromYearAgoinSpain, 38th ConsecutiveDrop; SignsofRecovery? SpainNeedAnotherBailout? http://feedly.com/k/19O1u4z Prime Minister Mariano Rajoy wants you to believe the Spanish economy is improving. One look at housing suggests any improvement is an illusion. Here are some highlights from a translation of the La Vanguardia article Mortgagesplummet 42.2% inJune The number of mortgages for home purchase in June fell 42.2% compared to June of 2012 Mortgages declined every … Seguir leyendo Mortgages Plunge 42% from Year Ago in Spain, 38th Consecutive Drop; Signs of Recovery? Spain Need Another Bailout?

EmergingmarketroutistoobigfortheFedto ignore – Telegraph http://feedly.com/k/19O1fXq shared via http://feedly.com Seguir leyendo Emerging market rout is too big for the Fed to ignore – Telegraph

Top 200 InfluentialEconomics Blogs – Aug 2013 | Onalytica Indexes http://feedly.com/k/19LHoLT shared via http://feedly.com Seguir leyendo Top 200 Influential Economics Blogs – Aug 2013 | Onalytica Indexes

BeanStruckbyBubbleBlindness http://feedly.com/k/15h1Gvd No HousingBubble ‘Emerging‘ intheUK BoE deputy governor Charlie Bean had a few more pearls of wisdom to dispense on occasion of his Jackson Hole visit. According to Bloomberg: “BOE’sBeanSaysCan’tSeeSignsofHousing Boom Emerging”. Of course not! Why on earth should there be even the remotest danger of a housing bubble emerging with the BoE’s administered interest rate stuck forever and ever at a punitive 0.5% … Seguir leyendo Bean Struck by Bubble Blindness