US Households Continue to Bleed

USHouseholdsContinuetoBleed http://www.nakedcapitalism.com/2013/08/us–households–continue–to–bleed.html FromUnconventionalEconomist, who has previouslyworkedattheAustralianTreasury, VictorianTreasuryandGoldmanSachs. OriginallypublishedatMacroBusiness Two former Census Bureau officials working at Sentier Research have released a new report claiming that median US household income is recovering, but remains 6.5% below its pre-recession level in real (inflation adjusted) terms: After adjusting for changes in consumer prices, median annual household income declined during the officially-defined recession from $55,480 in December 2007 to $54,478 … Seguir leyendo US Households Continue to Bleed

Spain’s ‘Real’ GDP Could Be 21% Lower Than Reported

Spain’s ‘Real’ GDPCould Be 21% LowerThanReported http://feedly.com/k/17LGA3S With Spanish unemployment surging, tax collection so low, and delinquentloanssoaring (thoughunderstatedduetoshiftsintheSareb ‘definition’swhichmeansan ~11% levelsis more like ~14%), it is ‘odd’, as El Confidencial notes, that GDP has only modestly declined. The fact of the matter is – things do not add up and the following three charts highlight the dramatic divergencesbetweenofficial (government-supplied) data andsynthetic (market-based) measuresofactivity in the … Seguir leyendo Spain’s ‘Real’ GDP Could Be 21% Lower Than Reported

China HSBC PMI Jumps Most In 3 Years To ‘Miracle’ Expansionary Print

China HSBCPMIJumpsMostIn 3 YearsTo ‘Miracle’ ExpansionaryPrint http://feedproxy.google.com/~r/zerohedge/feed/~3/bBXk3wyrBuQ/story01.htm From the lowest print in 12 months at 47.7 in July, HSBC’s China Flash PMI just printed at 50.1 (massively outdoing the expected 48.2) and jumpingbyitsmostinthreeyearsmonth-over-month. It’s a miracle, we hear you cry (especiallygiventhatCAT Asia/Pac sales collapsed 28% YoY)… In spite of new exportordersdroppingat a fasterratethanlastmonthandemploymentdecreasingat a faster pace, it seems there was enough inventory decompression and ‘output’ … Seguir leyendo China HSBC PMI Jumps Most In 3 Years To ‘Miracle’ Expansionary Print

Crisis económica: “Si los BRIC van mal, Europa también” | Presseurop.eu: actualidad europea, viñetas y re vistas de prensa

Crisis económica: “Si los BRIC van mal, Europa también” | Presseurop.eu: actualidad europea, viñetas y revistas de prensa http://www.presseurop.eu/es/content/news–brief/4072741-si-los-bric-van-mal-europa–tambien?xtor=RSS-9 shared via http://feedly.com Seguir leyendo Crisis económica: “Si los BRIC van mal, Europa también” | Presseurop.eu: actualidad europea, viñetas y re vistas de prensa